Megalith Financial Acquisition Corp. announced the pricing of their $150 million SPAC last night and the unit will begin trading on the NYSE this morning under the symbol MFAC.U.
Megalith, which intends to focus on financial services and fintech companies, is being led by Jay Sidhu, as Executive Chairman, and Samvir Sidhu, as CEO.
Total 2018 deal count is now 30 SPACs with $7.065 billion in total gross proceeds raised.
Congratulations to all.
Chardan is acting as sole book running manager in the offering. BTIG, LLC is acting as lead manager and Northland Capital Markets and I-Bankers Securities, Inc. are acting as co-managers in the offering.
Oak Woods Acquisition Corporation priced its $50 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “OAKU” Friday, March 24, 2023. The SPAC intends to focus on businesses that have their primary operations in the technology-enabled healthcare services industry located in the Asia-pacific region. Oak Woods is led by...
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Between the various recent cases in the Delaware courts, such as Boxed, which involved the different SPAC voting classes, or the Multiplan case, or Arrival, all of which are in addition to the 1% excise tax on share buybacks, there has been a noticeable trend of SPACs moving to off-shore domiciles. We spoke with Derek...
two (NYSE:PIAI) announced in an 8-K this morning that it has transferred the majority of its sponsor interest to a new team led by SPAC veteran Thomas Hennessy. The new sponsor entity HC Proptech Partners III is to purchase 4,854,375 promote shares (90.9%) for undisclosed cash consideration and all current SPAC officers are expected to...
Metals Acquisition Corp. (NYSE:MTAL) announced in an 8-K this afternoon that it has entered into a silver stream equity subscription agreement, redemption backstop, and copper stream equity subscription agreement to support its combination with Glencore’s (LON:GLEN) CSA Copper Mine. On March 20, the SPAC entered into a silver stream subscription agreement with Osisko Bermuda pursuant to...