North Mountain Merger Corp. announced the pricing of its $115 million IPO this morning and the units are expected to begin trading on the Nasdaq under the symbol “NMMCU” today, Friday, September 17th.
This new company aims to combine with a fintech company with a defensible market position and a capable management team. North Mountain is led by CEO, President and Director Charles B. Bernicker and CFO and Secretary Nicholas Dermatas.
Total SPAC deal count for 2020 year-to-date is now 104 with $40.3 billion in gross proceeds raised. This offering is expected to close on Tuesday, September 22, 2020.
Citigroup Global Markets Inc. is acting as sole book-running manager and sole underwriter of this offering. Paul, Weiss, Rifkind, Wharton & Garrison LLP serve as Issuer’s Counsel with Kirkland & Ellis LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.
Terms Tracker for the Week Ending November 22, 2024 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. SPACs finally broke the DeSPAC announcement drought exactly 30 days from the last DeSPAC announcement with Hudson Acquisition I Corp.’s news they had reached the...
Hudson I (NASDAQ:HUDA) has signed a definitive agreement to combine with EV maker Aiways Europe at an equity value of $410 million. Munich, Germany-headquartered Aiways Europe is developing a line of EV SUVs for the European market with support from an affiliate manufacturer in China. The combined company is expected to trade on the Nasdaq...
The clearest theme for the changes to come under the incoming Trump administration is lower taxes domestically and trade barriers abroad. And, the election’s impacts on the investment climate have been broadly favorable to SPACs, but this policy-making direction could have detrimental impacts on SPAC deals themselves. That’s because international targets have made up an...
At the SPAC of Dawn Activity has been picking up in SPACland after a sleepy start to the month, but the biggest news for the this corner of the market is not SPAC-specific. SEC Chair Gary Gensler announced his intention to resign on January 20. His resignation press release touted the $21 billion in penalties...
Deals and Amendments Arogo Capital (OTC:AOGO) has received notice that its merger target Ayurcann Holdings (CSE:AYUR) has terminated their business combination citing a breach on behalf of the SPAC. Ayurcann expects to be paid a $250,000 breakup free from Arogo. News and Rumors PR: Smart TV firm Innovid (NYSE:CTV), which combined with ION 2 in...