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.
Cantor Equity Partners I (NASDAQ:CEPO) has entered into a definitive agreement to combine with Bitcoin Standard Treasury in a transaction that is worth about $4.8 billion. Bitcoin Standard Treasury aims to bring in capital from a number of equity instruments to build up one of the largest US-listed Bitcoin treasuries. The combined company is expected...
At the SPAC of Dawn Several de-SPACs have made market-moving announcements recently and they haven’t forgotten to cash in on them. Fresh off of announcing $500 million strategic investment and partnership with Apple (NASDAQ:AAPL), rare earth miner MP Materials (NYSE:MP) has followed that up with a $500 million public offering, netting the company a cool...
Pyrophyte Acquisition Corp. II (NYSE:PAII.U) announced the pricing of its $175 million IPO and its units are expected to begin trading on the NYSE under the symbol “PAII.U”, Thursday, July 17, 2025. The new SPAC plans to focus its search on companies within the energy sector that constitute critical links in the supply chain of the...
At the SPAC of Dawn Rare earth miner MP Materials (NYSE:MP) was one of the early winners of the 2020 SPAC boom, having picked up momentum following its 2020 deal with Fortress Value. But, the company’s news that it will become a major supplier of battery materials for Apple’s empire of electronic devices has sent...
Solarius Capital Acquisition Corp. (NASDAQ:SOCAU) announced the pricing of its $150 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “SOCAU”, Wednesday, July 16, 2025. The new SPAC plans to combine with a target in the asset management, wealth management or financial services industries. Solarius Capital’s management team...