Jaws Acquisition Corp. (JWS.U), announced the pricing of their upsized $600 million SPAC IPO this afternoon and the units are expected to begin trading tomorrow, Thursday, May 14th, under the symbol NYSE: JWS.U.
Jaws Acquisition Corp. is being sponsored by Jaws Estates Capital, the family office of Barry Sternlicht, who will be the Chairman of this SPAC. Additionally, Mr. Sternlicht will be joined by Joseph Dowling, as CEO. Mr. Dowling currently serves as the CEO of Brown University’s $4.1 billion endowment after serving as Chief Investment Officer from 2013 to 2018.
Total SPAC deal count for 2020 year-to-date is now 24 with $7.536 billion in gross proceeds raised. The offering is anticipated to close on Monday, May 18, 2020.
Credit Suisse Suisse Securities (USA) LLC is serving as lead book-running manager for this offering. Morgan Stanley & Co. LLC and Citigroup Global Markets Inc. are serving as book-running managers for the offering. Kirkland & Ellis LLP, and Skadden, Arps, Slate, Meagher & Flom LLP, were Issuer’s Counsel and Underwriter’s Counsel, respectively. WithumSmith+Brown, PC acted as auditor.
Cantor Equity Partners I (NASDAQ:CEPO) has entered into a definitive agreement to combine with Bitcoin Standard Treasury in a transaction that is worth about $4.8 billion. Bitcoin Standard Treasury aims to bring in capital from a number of equity instruments to build up one of the largest US-listed Bitcoin treasuries. The combined company is expected...
At the SPAC of Dawn Several de-SPACs have made market-moving announcements recently and they haven’t forgotten to cash in on them. Fresh off of announcing $500 million strategic investment and partnership with Apple (NASDAQ:AAPL), rare earth miner MP Materials (NYSE:MP) has followed that up with a $500 million public offering, netting the company a cool...
Pyrophyte Acquisition Corp. II (NYSE:PAII.U) announced the pricing of its $175 million IPO and its units are expected to begin trading on the NYSE under the symbol “PAII.U”, Thursday, July 17, 2025. The new SPAC plans to focus its search on companies within the energy sector that constitute critical links in the supply chain of the...
At the SPAC of Dawn Rare earth miner MP Materials (NYSE:MP) was one of the early winners of the 2020 SPAC boom, having picked up momentum following its 2020 deal with Fortress Value. But, the company’s news that it will become a major supplier of battery materials for Apple’s empire of electronic devices has sent...
Solarius Capital Acquisition Corp. (NASDAQ:SOCAU) announced the pricing of its $150 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “SOCAU”, Wednesday, July 16, 2025. The new SPAC plans to combine with a target in the asset management, wealth management or financial services industries. Solarius Capital’s management team...