Churchill Capital Corp. IV Prices Upsized $1.8 Billion IPO

IPO-Pricing

Churchill Capital Corp. IV Prices Upsized $1.8 Billion IPO

Jul 30, 2020 INTEL by Kristi Marvin

Churchill Capital Corp. IV (CCIV.U), announced the pricing of their upsized $1.8 billion SPAC IPO this morning and the units are expected to begin trading today, Thursday, July 30th, under the symbol NYSE: CCIV.U.

Churchill Capital Corp. IV will have a broad search focus and the team will be aided by their “Operating Partners” and “Strategic Partners” that will assist in sourcing and evaluating potential acquisition targets. Michael Klein will be leading as Chief Executive Officer, President and Chairman of the Board of Directors.

Total SPAC deal count for 2020 year-to-date is now 52 with $21.1 billion in gross proceeds raised. The offering is anticipated to close on Monday, August 3, 2020.


Citigroup Global Markets Inc. is acting as global coordinator, joint bookrunner and representative of the underwriters and Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC are acting as joint bookrunners. Academy Securities, Inc., Blaylock Van, LLC, Drexel Hamilton, LLC, Siebert Williams Shank & Co., LLC and Tigress Financial Partners LLC are acting as co-bookrunners. Credit Suisse Securities (USA) LLC is acting as a capital markets advisor.  Paul, Weiss, Rifkind, Wharton & Garrison LLP and White & Case LLP, were Issuer’s Counsel and Underwriter’s Counsel, respectively. Marcum LLP, acted as auditor.

 

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