Act II Global Acquisition Corp. (ACTTU), filed their 8-a12b yesterday and is getting ready to price their $250 million “Better-for-you” focused SPAC tonight. Act II most recently dropped J.P. Morgan as its lead underwriter giving Cantor the chance to sole book-run. It’s a strong look for Cantor, but I doubt J.P. Morgan is hand-wringing. JPM is currently #2 in Bloomberg’s US Equity Offerings League Tables year-to-date so this is a minor blip for them.
Having said that, SPACs are a pretty particular product and it’s not that surprising that a team would want an experienced SPAC underwriter to lead and Cantor has certainly been a profilic player in the space. Stay tuned for any surprise up-sizes or changes to terms.
Summary of terms below:
NMP Acquisition Corp. (NASDAQ:NMPAU) announced the pricing of its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “NMPAU”, Tuesday, July 1, 2025. The new SPAC plans to combine with a target company that has a resilient business model with potential to scale up revenue. NMP’s management...
Cohen Circle Acquisition Corp. II (NASDAQ:CCIIU) announced the pricing of its $220 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “CCIIU”, Tuesday, July 1, 2025. The new SPAC plans to combine with a target company in the financial services technology (fintech) sector and fintech adjacent sectors that...
Indigo Acquisition Corp. (NASDAQ:INACU) announced the pricing of its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “INACU”, Tuesday, July 1, 2025. The new SPAC plans to combine with an established, profitable company whose growth potential can benefit from its team’s expertise. Indigo’s management team is...
After a quiet June, July is set to be active throughout the month with nine de-SPACs and sponsors coming unlocked from their trading restrictions. This timing is most fortuitous for insurance investor Abacus Life (NASDAQ:ABL) and East Resources, which took it public in 2023, as it is the best performer of this group of companies...
Pyrophyte II (NYSE:PAII.U) has filed for a $175 million SPAC to dig for a natural resources target while the team’s first deal remains pending. The new SPAC is offering investors 1/2 warrants in each unit and it will have 24 months to complete a business combination without asking shareholders for an extension. It is the...