Flying Eagle Acquisition Corp. (FEAC.U) Prices Upsized $600M IPO

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Flying Eagle Acquisition Corp. (FEAC.U) Prices Upsized $600M IPO

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.

 

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