GS Acquisition Holdings Corp. II (GSAH.U) Prices $700M IPO
by Matt Cianci on 2020-06-30 at 7:42am

GS Acquisition Holdings Corp. II (GSAH.U), announced the pricing of their $700 million SPAC IPO this morning and the units are expected to begin trading today, Tuesday, June 30th, under the symbol NYSE: GSAH.U.

GS Acquisition Holdings II, is sponsored by GS Sponsor II LLC, an affiliate of The Goldman Sachs Group, Inc. GSAH II has a broad mandate to seek a target in any industry and will be led by Tom Knott, as Chief Executive Offer. Mr. Knott is a Managing Director at Goldman Sachs and is Head of GSAM’s Permanent Capital Strategies team. He is joined by Raanan A. Agus as Chairman. Mr. Agus is the Global Co-Head and Co-Chief Investment Officer of the AIMS group in GSAM.

Total SPAC deal count for 2020 year-to-date is now 36 with $11.7 billion in gross proceeds raised. The offering is anticipated to close on Wednesday, July 1, 2020.


Goldman Sachs & Co. LLC and Citigroup Global Markets Inc. are acting as joint book-running managers for the offering. Skadden, Arps, Slate, Meagher & Flom LLP and Ropes & Gray LLP, acted as Issuer’s Counsel and Underwriter’s Counsel, respectively. PricewaterhouseCoopers LLP acted as auditor.

 

Recent Posts
by Nicholas Alan Clayton on 2024-03-28 at 1:35pm

News and Rumors PR: Bannix (NASDAQ:BNIX) has provided more information on the combination with VisionWave that it announced yesterday, specifying that the imaging technology that VisionWave will acquire from GBT Technologies will primarily seek out applications in military combat scenarios and geological surveys. PR: Grove Collaborative (NYSE:GROV), which combined with Virgin Group II in June...

by Nicholas Alan Clayton on 2024-03-28 at 7:47am

At the SPAC of Dawn Fed Chair Jerome Powell has given new hints that the administration would be showing greater levels of comfort with inflation if a cut could help improve unemployment numbers. Those numbers could get an update today at 8:30 am ET to bring new jobless claims as well as final prices for...

by Nicholas Alan Clayton on 2024-03-27 at 1:31pm

News and Rumors CNBC: Former WeWork (OTC Pink:WEWKQ) founder Adam Neumann has offered to buy back control of the company for $500 million but has yet to secure the necessary financing. WeWork went public with BowX in October 2021. PR: Satellite telecom firm Spire Global (NYSE:SPIR) has signed an agreement to build and launch two...

by Nicholas Alan Clayton on 2024-03-27 at 11:38am

Bannix (NASDAQ:BNIX) has entered into a definitive agreement to combine with VisionWave Technologies for $30 million. The combined company is expected to trade on the Nasdaq once the deal is completed with an initial outside date of September 14. Transaction Overview Bannix has about $17 million in its trust after seeing 77.4% of its shares...

by Nicholas Alan Clayton on 2024-03-27 at 7:33am

At the SPAC of Dawn Much of the attention yesterday was on tracking the swings of the newly-completed Trump Media (NASDAQ:DJT) deal with the FT going as far to suggest it may “make SPACs great again.” Not all of the day’s data points were on the positive side of the ledger, however. IB Acquisition Corp....

logo

Copyright © 2023 SPACInsider, Inc. All Rights Reserved