NavSight Holdings Inc. announced the pricing of its $200 million IPO tonight and the units are expected to begin trading on the NYSE under the symbol “NSH.U” tomorrow, Thursday, September 10th.
The new SPAC intends to combine with a private company providing national security or intelligence services to the US government. It is led by co-founder Chairman and CEO Robert A. Coleman and co-founder, EVP, CFO and Corporate Secretary Jack Pearlstein.
Total SPAC deal count for 2020 year-to-date is now 89 with $35.5 billion in gross proceeds raised. This offering is expected to close on Monday, September 14, 2020.
Credit Suisse Securities (USA) LLC is acting as the sole book-running manager for the offering. Venable LLP serve as Issuer’s Counsel with Shearman & Sterling LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. American Stock Transfer & Trust Company LLC is acting as trustee.
At the SPAC of Dawn Tucked into the bill that provides $95 billion in funding to American allies passed by the House this weekend is another measure that is likely to have far more impact on at least one pending deal in SPAC world. It would appear that the timing was fortuitous for TikTok rival...
With the passage this weekend of $95 billion in funding for Ukraine, Israel and Taiwan by the House of Representatives, some focus has gone back towards the defense sector, which has generally had a good year as a whole. But, SPACs have not been as active in defense, despite the fact that companies in the...
At the SPAC of Dawn As April’s sleepy month for SPAC news continues, there is only one special meeting on the docket to consider a SPAC deal approval, that being today’s vote on Pegasus Digital Mobility‘s (NYSE:PGSS) combination with equipment manufacturer Schmid. Three more SPACs are facing extension votes this week, including Pyrophyte (NYSE:PHYT), whose...
Terms Tracker for the Week Ending April 19, 2024 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. Passover and school spring break starts next week, which most likely means a slowdown in SPAC filing activity. Although Churchill IX is now rumored to...
Despite a week of general pull-backs in the market, fintech firm Ibotta (NYSE:IBTA) nonetheless took the dive and had a good week debuting via a traditional IPO in the choppy waters. The company, which provides app-based consumer cashback discounts on purchases, priced its IPO at $88, above its proposed range of $76 to $84, and...