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.
At the SPAC of Dawn Happy Friday! SPACInsider has unveiled new presets on SPAC Performance accessible via the Data drop-down to easily sort for the highest and lowest performing active SPACs and de-SPACs. On the de-SPAC side, Vertiv (NYSE:VRT) continues to be well ahead of the pack, logging a 710% return by share price adjusted...
AGBA (NASDAQ:AGBA) stock is up over +90% this morning following a +211% premarket spike on news it has signed a definitive agreement to combine with social streaming video platform Triller. AGBA, the company itself, was formed by the $555 million combination between a SPAC of the same name and TAG Companies, a financial services firm...
At the SPAC of Dawn Since closing its combination with DHC last month, AI customer engagement firm BEN (NASDAQ:BNAI) has rolled out new partnerships with call center and healthcare clients. And, while it faces a fair bit of competition in the chatbot realm, several high-profile institutions have demonstrated that creating one that provides useful services...
Blue Ocean (NASDAQ:BOCN) provided significantly more texture today in the presentation for its $275 million combination with Asian digital media group TNL Mediagene, which it expects to hit profitability in the second half of the year despite a slight shakeup in financing for the transaction. The first big update in the first investor deck is...
At the SPAC of Dawn A brand new market may have just opened up for space de-SPACs as NASA administrator Bill Nelson announced a shift in the agency’s $11 billion program for a mission to return samples from Mars. Rather than rely on the agency’s internal technologies that would be predicted to get a sample...