Oaktree Acquisition Corp. II announced the pricing of its $225 million IPO this evening and its units are expected to begin trading on the NYSE under the symbol “OACB.U” tomorrow, Thursday, September 17th.
The company aims to combine with a target in the industrial or consumer spheres. Oaktree II is led by CEO and Director Patrick McCaney, President Alexander Taubman, CFO and Head of M&A Zaid Pardesi. They are joined by COO Mathew Pendo and Chairman John Frank.
Total SPAC deal count for 2020 year-to-date is now 100 with $39.25 billion in gross proceeds raised. The offering is anticipated to close on Monday, September 21, 2020.
Deutsche Bank Securities Inc. and Citigroup Global Markets Inc. are serving as the underwriters for the offering. Kirkland & Ellis LLP and Ropes & Gray LLP were Issuer’s Counsel and Underwriter’s Counsel, respectively. WithumSmith+Brown, PC, acted as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
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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...
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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...