Figure Acquisition Corp. I announced the pricing of its $250 million IPO this evening and its units are expected to begin trading on the NYSE under the symbol “FACA.U,” Friday, February 19.
Figure Acquisition Corp I aims to pursue opportunities in the financial technology and financial services sector. The company is led by Chairman Michael Cagney and President and CEO Christopher D. Davies.
Total SPAC deal count for 2021 year-to-date is now 158 with a total of $48.0 in proceeds raised. This offering is expected to close on Tuesday, February 23.
Citigroup Global Markets Inc. is acting as the sole book-running manager of the offering. Piper Sandler & Co. is acting as co-manager. Davis Polk & Wardwell LLP is serving as Issuer’s Counsel with Paul Hastings LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
At the SPAC of Dawn Israel’s bombing of sites in Iran has brought a new injection of uncertainty to the markets, which appear poised to open in the red. But, this may be a temporary factor after the week has also produced better-than-expected indicators on inflation. One more data point is set to come in...
Best SPAC I Acquisition Corp. (NASDAQ:BSAAU) announced the pricing of its $55 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “BSAAU”, Friday, June 13, 2025. The new SPAC plans to combine with a consumer goods company with a total enterprise value between $100 million and $600 million....
Blue Acquisition Corp. (NASDAQ:BACCU) announced the pricing of its $175 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “BACCU”, Friday, June 13, 2025. The new SPAC intends to combine with a target company within a manufacturing company or data center that aligns with green energy initiatives and...
1RT (NASDAQ:ONCHU) has filed for a $150 million SPAC with confident terms in a market that has been recently much more welcoming to SPAC issuance. The new SPAC is including 1/4 warrants in its units, which is the slimmest warrant coverage offered by a newly-filed SPAC since Cohen Circle II (NASDAQ:CCIIU) put out its own...
At the SPAC of Dawn This week, the market has taken on better-than-expected inflation news and SPACs continue to see old friends leaning toward listing in the traditional way. This time it is crypto exchange Bullish which is reportedly seeking an IPO three years after canceling its combination with a SPAC. Bullish was initially engaged...