SPACs…the Final Frontier? (For the Quarter at Least)
Apologies for the Star Trek quote, but every time I hear “New Frontier,” its all I can think of…
New Frontier Corp., just filed their CERT, so as widely expected, this SPAC will be pricing their up-sized $230 million IPO tonight for trading Thursday. The real question is, will there be another surprise up-size?
As a reminder for all of you non-bankers or lawyers out there, you can up-size (or down-size) a deal 20% without having to re-submit a new filing. Thanks Rule 462(b)!
New Frontier, which is focused on healthcare, technology or education sectors in China, which they refer to as the “Chinese new economy sectors,” is being led by Antony Leung and Carl Wu. The team has an impressive background and this should be a hot deal.
As previously mentioned, this SPAC has an Anchor Investor and a Forward Purchase agreement which you can catch up on here. Plus, there is the new “Indications of Interest” to the tune of $90 million.
For reference, we’ve added the summary of deal terms below:
Summary of terms:
- Focus: Healthcare, technology or education sectors in China (Chinese New Economy)
- $10.00 unit comprised of one Class A Ordinary Share, 1/2 warrant
- Warrant redemption threshold: equals or exceeds $18.00 (cash or cashless exercise)
- 100% held in trust ($10.00 per share)
- 24 months to complete an acquisition
- Limitation on redemption rights: 20% or more
- Underwriters: Credit Suisse, UBS. I-Bankers as co-manager.


Yorkville Acquisition Corp. (NASDAQ:YORKU) announced the pricing of its $150 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “YORKU”, Friday, June 27, 2025. The new SPAC plans to combine with a target company in the telecom, media or technology sectors. Yorkville Acquisition Corp.’s management team is led...
At the SPAC of Dawn As pressure on Fed Chairman Jerome Powell increases, the market is set to ingest a raft of new indicators today as well as hear from Cleveland Fed President Beth Hammack on the potential interest rate path. Today will also see June’s 8th SPAC IPO as Cantor Equity Partners III Inc....
Cantor Equity Partners III Inc. (NASDAQ:CAEP) announced the pricing of its upsized $240 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “CAEP”, Thursday, June 26, 2025. The new SPAC plans to combine with a target company in an industry where its management has relevant expertise such financial...
Launch One (NASDAQ:LPAA) has entered into a definitive agreement to combine with biotech firm Minovia Therapeutics at a $180 million pre-money valuation. Haifa, Israel-based Minovia is developing a drug platform based on mitochondrial cell therapies to potentially treat rare disorders as well as the effects of aging and other causes of bodily degeneration. The combined...
CEO Marc Nemati and Colombier II’s Omeed Malik break down the deal and the strategy. Despite its moniker as the “the everything store” you can’t buy everything on Amazon, and firearms are one of those things. But, GrabAGun has spent years building a platform for regulated online firearms purchases, and soon, consumers will be able...