CITIC Capital Acquisition Corp. (CCAC.U), announced the pricing of their upsized $240 million SPAC IPO this evening and the units are expected to begin trading tomorrow, Tuesday, February 11th, under the symbol NYSE: CCAC.U.
CITIC Capital will be focusing on companies in the energy efficiency, clean technology and sustainability sectors, with a more specific focus on companies in China, as well as other markets in Asia and beyond. CITIC Capital will be led by Fanglu Wang, as Chief Executive Officer and Director, and Eric Chan, as Chief Financial Officer and Director, both currently holding senior management positions at CITIC, this SPAC’s sponsor.
Total SPAC deal count for 2020 year-to-date is now 4 with $1.137 billion in gross proceeds raised. The offering is anticipated to close on Thursday, February 13, 2020.
Congratulations to all.
Credit Suisse acted as sole book-running manager for the offering. Winston & Strawn LLP and Davis Polk & Wardwell LLP were Issuer’s Counsel and Underwriter’s Counsel, respectively. WithumSmith+Brown, PC acted as auditor.
Solarius Capital Acquisition Corp. (NASDAQ:SOCAU) announced the pricing of its $150 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “SOCAU”, Wednesday, July 16, 2025. The new SPAC plans to combine with a target in the asset management, wealth management or financial services industries. Solarius Capital’s management team...
Exciting new things are coming for SPACInsider subscribers, and some have already arrived! This summer, SPACInsider is unveiling the SPACInsider Alerts App on iOS with an Android launch soon to follow. The app allows subscribers to stay ahead of the SPAC market with real-time, customizable filing alerts with instant notifications landing the moment that a...
At the SPAC of Dawn Futures are largely green with the CPI reading coming up, and several SPACs and de-SPACs have cause to feel bullish regardless of what the reading states. Pharma and beauty company Longevity Health (NASDAQ:XAGE) announced it will acquire plasma collection firm True Health ahead of market open in news that has...
Silver Pegasus Acquisition Corp. (NASDAQ:SPEGU) announced the pricing of its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “SPEGU”, Tuesday, July 15, 2025. The new SPAC plans to search within the technology sector, with a focus on semiconductors and systems solutions. Silver Pegasus Acquisition Corp.’s management...
Cayson Acquisition Corp. (NASDAQ:CAPN) has entered into a definitive agreement to combine with boutique investment firm Mango Financial for $300 million in equity consideration. Hong Kong-based Mango provides a range of M&A and equity capital markets advisory services to clients considering listings in China and the US. The combined company is expected to trade on...