SilverBox Corp. III priced its upsized $120 million IPO and its units are expected to begin trading on the NYSE under the symbol “SBXC.U” Tuesday, February 28, 2023.
The new SPAC intends to acquire one or more businesses with an aggregate enterprise value in excess of $750 million in an industry where it believes the expertise of its management team and its advisory group will provide it with a competitive advantage in completing a successful initial business combination.
SilverBox III is led by Chairman of the Board Stephen Kadency, CEO Joseph Reece, Chief Investment Officer Duncan Murdoch, COO Jin Chun, and CFO Daniel E. Esters, and General Counsel David Lee.
Total SPAC deal count for 2023 year-to-date is now 7. This offering is expected to close on Thursday, March 2.
Credit Suisse Securities (USA) LLC is acting as sole book-running manager. Paul Hastings LLP is serving as Issuer’s Counsel with Shearman & Sterling LLP serving as Underwriter’s Counsel. Grant Thornton LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
GigCapital 5, Inc. (GIA) Signs Non-Redemption Agreements GigCapital 5 (NASDAQ:GIA) announced in an 8-K this morning that it has entered non-redemption agreements with third parties that will secure up to 2,042,903 shares from redemption. One of these third parties is Meteora Capital Partners and the investors have made this commitment with the caveat that none...
Anzu Special Acquisition Corp I (NASDAQ:ANZU) announced this afternoon that its stockholders voted in favor of the proposed business combination with Envoy Medical Corporation (“Envoy”), held earlier today. Details on the vote, along with redemption numbers, have not been filed yet, but the Company expects the business combination to be consummated on September 29, 2023....
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Integrated Wellness (NYSE:WEL) announced this morning that it has nixed its combination with vending machine operator Refreshing USA due to conditions of the combination remaining unfulfilled. The SPAC did not elaborate on what conditions those were, but the two sides have been past their initial outside date since July 31. Integrated Wellness still plans to...