Pivotal Investment Corp. III announced the pricing of its upsized $240 million IPO this evening and its units are expected to begin trading on the NYSE under the symbol “PICC.U” Tuesday, February 9.
The new company aims to combine with a company in North America in an industry ripe for disruption from continuously evolving digital technology and the resulting shift in distribution patterns and consumer purchase behavior. Pivotal Acquisition Corp. III is led by Chairman of the Board Jonathan J. Ledecky and Chief Executive Officer, President and Director Kevin Griffin. Pivotal III is also the third SPAC from Mr. Ledecky and MGG Investment Group, of which, Kevin Griffin is the Chief Executive Officer and Chief Investment Officer.
Total SPAC deal count for 2021 year-to-date is now 125 with $37.02 billion in gross proceeds raised. This offering is expected to close on Thursday, February 11.
Citigroup Global Markets Inc. and Cantor Fitzgerald & Co. are acting as the joint book running managers for the offering. Graubard Miller is serving as Issuer’s Counsel with Ellenoff Grossman & Schole LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
Wen Acquisition Corp. (NASDAQ:WTENNU) has filed for a $261 million SPAC to hunt for a crypto or financial services target with a team staffed by former advisors to the FinTech SPAC series. The new SPAC is not overfunded and will have a 1/2 warrant in each unit with 24 months to initially complete a business...
April highlighted two defining trends in the SPAC market: an increased reliance on extended deadlines and a surge in announced transactions. Extension votes doubled compared to March, while the number of De-SPAC deals disclosed reached nine in April alone. These developments underscore a market that remains active but continues to rely on deadline extensions, largely...
D. Boral ARC Acquisition Corp. I has filed for a $250 million SPAC to be David Boral’s first in-house SPAC since the internal split at the firm formerly known as EF Hutton. Before that split, Boral and his former partner Joseph Rallo served as executive managers for the EF Hutton I SPAC, which ultimately combined...
At the SPAC of Dawn SPAC activity has continued on hot and heavy as three more new SPACs have filed S-1s for IPOs – one from each of the year’s most prolific underwriters: Cantor Fitzgerald, BTIG and Cohen & Company. Two more SPACs have are also set to join the party today having priced their...
Republic Digital Acquisition Corp. (NASDAQ:RDAGU) announced the pricing of its upsized $264 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “RDAGU”, Thursday, May 1, 2025. The new SPAC aims to combine with a target company in the fintech, software or cryptocurrency industries with substantial free cash flow....