HPX Corp. (HPX.U), announced the pricing of their upsized $220 million SPAC IPO this evening and the units are expected to begin trading tomorrow, July 16th, under the symbol NYSE: HPX.U.
HPX Corp. intends to focus on businesses located in Brazil and will be led by Bernardo Hees and Rodrigo Xavier, as Co-Chairmen of the Board of Directors, and Carlos Piani, as Chief Executive Officer, Chief Financial Officer and director.
Total SPAC deal count for 2020 year-to-date is now 44 with $13.813 billion in gross proceeds raised. The offering is anticipated to close on Monday, July 20, 2020.
Credit Suisse acted as sole book-running manager of the offering. Skadden, Arps, Slate, Meagher & Flom LLP and Shearman & Sterling LLP were issuer’s counsel and underwriter’s counsel, respectively. Marcum LLP acted as auditor.
Overall deal flow between SPACs and biotech firms has slowed over the last year, but some pending FDA changes could breathe new life into particular business models within the space. In particular, the FDA has asked Congress as part of its 2025 Legislative Proposals to eliminate the interchangeability designation for biosimilar medications, claiming the existing...
At the SPAC of Dawn Ever since Digital World announced its combination with Trump Media (NASDAQ:DJT) back in October 2021, it was clear that SPACworld and the Trump show were set to be intertwined for quite some time. And, although not every headline has a bearing on the wider SPAC world, Trump Media’s post-close rise...
AltC (NYSE:ALCC) has reportedly been taking the pitch deck for its combination with nuclear fission firm Oklo on the road in recent weeks, which has generated the rare result of a SPAC trading significantly above its trust value still well before completing its deal. The SPAC has an estimated $10.59 per share in its trust...
Trump Media (NASDAQ:DJT) is down about -15% in the pre-market following the filing of its first S-1 since closing its combination with Digital World, and this includes the issuance of the 21,491,251 shares. Of these, 14,375,000 are to be made available for those exercising warrants while the rest would go out to note holders from...
At the SPAC of Dawn This week, bookended by the end of Ramadan and the beginning of Passover, could wind up stacked with events to avoid those holiday times, but for now SPACs have scheduled just six extension votes for this stretch. Redwood (NASDAQ:RWOD) and Genesis Growth Tech (OTC:GGAAF) have yet to release results from...