CC Neuberger Principal Holdings I (PCPL.U), announced the pricing of their upsized $360 million SPAC IPO this evening and the units are expected to begin trading tomorrow, Friday, April 24th, under the symbol NYSE: PCPL.U.
CC Neuberger is being co-sponsored by Chinh Chu’s CC Capital Partners, LLC, a private investment firm, of which Mr. Chu is the Founder and Senior Managing Partner, and Neuberger Berman’s Opportunistic Capital Solutions Master Fund LP (“NBOKS”). Additionally, CC Neuberger will be led by Chinh Chu, as CEO and Director.
Total SPAC deal count for 2020 year-to-date is now 16 with $4.97 billion in gross proceeds raised. The offering is anticipated to close on Tuesday, April 28, 2020.
Goldman Sachs, BofA Securities, and UBS Investment Bank acted as joint book-running managers for the offering. Nomura is acting as co-manager for the offering. Kirkland & Ellis LLP and Davis Polk & Wardwell LLP, were Issuer’s Counsel and Underwriter’s Counsel, respectively. WithumSmith+Brown, PC acted as auditor.
McKinley Acquisition Corporation (NASDAQ:MKLYU) has filed for a $150 million SPAC to hunt for an innovative target company with an experienced financial team that has dabbled in SPACs before. The new SPAC is offering investors one right to a 1/10 share in each unit with no overfunding of the trust, but it could provide a...
At the SPAC of Dawn The rain of SPACs has continued with four expected to make their debuts during today’s trading sessions after pricing their IPOs overnight. The largest of these, EQV Ventures II (NASDAQ:EVACU), even managed an upsize, making it the largest SPAC IPO since Ares II (NYSE:AACT) pulled together $450 million in 2023....
EQV Ventures II (NASDAQ:EVACU) announced the pricing of its upsized $420 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “EVACU”, Wednesday, July 2, 2025. The new SPAC plans to merge with an energy target involved in upstream exploration or production. EQV II’s management team is led by...
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Origin Investment Corp. I (NASDAQ:ORIQU) announced the pricing of its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ORIQU”, Wednesday, July 2, 2025. The new SPAC aims to mount a broad search for a target with a strong management and both revenue and earnings growth potential....