ACE Convergence Acquisition Corp. (ACEV.U), announced the pricing of their $200 million SPAC IPO this evening and the units are expected to begin trading tomorrow, July 28th, under the symbol NYSE: ACEV.U.
ACE Convergence Acquisition Corp. intends to focus on businesses in the IT infrastructure software and semiconductor sectors and will be led by Behrooz Abdi, as Chief Executive Officer and Chairman of the board of directors.
Total SPAC deal count for 2020 year-to-date is now 51 with $19.2 billion in gross proceeds raised. The offering is anticipated to close on Wednesday, July 30, 2020.
Cantor Fitzgerald & Co. is acting as sole book-running manager and Northland Securities, Inc. is serving as lead manager in the offering. Skadden, Arps, Slate, Meagher & Flom LLP and Ellenoff Grossman & Schole LLP, were issuer’s counsel and underwriter’s counsel, respectively. WithumSmith+Brown, PC, acted as auditor.
Cohen Circle Acquisition Corp. II (NASDAQ:CCIIU) announced the pricing of its $220 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “CCIIU”, Tuesday, July 1, 2025. The new SPAC plans to combine with a target company in the financial services technology (fintech) sector and fintech adjacent sectors that...
Indigo Acquisition Corp. (NASDAQ:INACU) announced the pricing of its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “INACU”, Tuesday, July 1, 2025. The new SPAC plans to combine with an established, profitable company whose growth potential can benefit from its team’s expertise. Indigo’s management team is...
After a quiet June, July is set to be active throughout the month with nine de-SPACs and sponsors coming unlocked from their trading restrictions. This timing is most fortuitous for insurance investor Abacus Life (NASDAQ:ABL) and East Resources, which took it public in 2023, as it is the best performer of this group of companies...
Pyrophyte II (NYSE:PAII.U) has filed for a $175 million SPAC to dig for a natural resources target while the team’s first deal remains pending. The new SPAC is offering investors 1/2 warrants in each unit and it will have 24 months to complete a business combination without asking shareholders for an extension. It is the...
At the SPAC of Dawn The last day of the quarter is to play host to a pair of shareholder votes and a possible pricing of Indigo‘s (NASDAQ:INACU) $100 million IPO. This week is also to play host to fresh jobs numbers just before the long July 4 weekend. Black Hawk (NASDAQ:BKHA) was also one...