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.
Rithm Acquisition Corp. (NYSE:RAC.U) has filed for a $200 million SPAC with a loaded room of underwriters to hunt down a target in financial services or real estate. The Rithm team has driven aggressive terms for the sponsor’s first SPAC with the help of a deep-pocketed backer and the trio of Citigroup, BTIG and USB...
At the SPAC of Dawn With the North American tariff threats set aside for now, there’s still plenty of momentum for the sorts of investments that might be able to dodge such trade disputes, or become more valuable should trade barriers arise. Among the clearest examples of these are producers of critical materials like rare...
In January 2025, SPAC teams continued extending beyond their third round, with one SPAC notably reaching its seventh extension vote as they searched for suitable deals. The month saw five announcements, marking the highest level in recent months, while only four SPACs held completion votes. Extension Votes In January, 14 extension votes were scheduled, representing...
At the SPAC of Dawn February is set to start with the jolt of a new potential trade war in North America. While some observers had expected tough trade action on China, the incoming administration’s decision to begin with 25% tariffs on the US’ biggest trading partners and neighbors, Mexico and Canada, and tariffs of...
Terms Tracker for the Week Ending January 31, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. This past week saw three new SPAC IPOs price, bringing the January and year-to-date IPO count to eight and underlining an active start to 2025....