Flying Eagle Acquisition Corp. (FEAC.U), announced the pricing of their upsized $600 million SPAC IPO this evening and the units are expected to begin trading tomorrow, Friday, March 6th, under the symbol NYSE: FEAC.U.
Flying Eagle will be led by Harry Sloan, as CEO and Chairman, and Jeff Sagansky, as a Founding Investor. Mr. Sloan and Mr. Sagansky will be joined by Eli Baker, as President, Chief Financial Officer and Secretary. Flying Eagle is the sixth SPAC from the “Eagle” team, having previously completed Global Eagle, Silver Eagle, Double Eagle, Platinum Eagle and finally, Diamond Eagle (DEAC), which recently announced their merger with DraftKings.
Total SPAC deal count for 2020 year-to-date is now 11 with $3.54 billion in gross proceeds raised. The offering is anticipated to close on Tuesday, March 9, 2020.
Congratulations to all.
Goldman Sachs & Co. LLC and Deutsche Bank Securities acted as joint book-running managers for the offering. Winston & Strawn LLP and Ropes & Gray LLP were Issuer’s Counsel and Underwriter’s Counsel, respectively. WithumSmith+Brown, PC acted as auditor.
Hudson I (NASDAQ:HUDA) has signed a definitive agreement to combine with EV maker Aiways Europe at an equity value of $410 million. Munich, Germany-headquartered Aiways Europe is developing a line of EV SUVs for the European market with support from an affiliate manufacturer in China. The combined company is expected to trade on the Nasdaq...
The clearest theme for the changes to come under the incoming Trump administration is lower taxes domestically and trade barriers abroad. And, the election’s impacts on the investment climate have been broadly favorable to SPACs, but this policy-making direction could have detrimental impacts on SPAC deals themselves. That’s because international targets have made up an...
At the SPAC of Dawn Activity has been picking up in SPACland after a sleepy start to the month, but the biggest news for the this corner of the market is not SPAC-specific. SEC Chair Gary Gensler announced his intention to resign on January 20. His resignation press release touted the $21 billion in penalties...
Deals and Amendments Arogo Capital (OTC:AOGO) has received notice that its merger target Ayurcann Holdings (CSE:AYUR) has terminated their business combination citing a breach on behalf of the SPAC. Ayurcann expects to be paid a $250,000 breakup free from Arogo. News and Rumors PR: Smart TV firm Innovid (NYSE:CTV), which combined with ION 2 in...
At the SPAC of Dawn Wednesday night saw two more SPACs price their IPOs, which means November’s eight listings will now eclipse October’s haul of seven and the five IPOs of September. Amid this accelerating momentum, a new name could soon be seen on a number of new SPACs. EF Hutton rebranded to D. Boral...