Peridot Acquisition Corp. announced the pricing of its $300 million IPO this evening and the units are expected to begin trading on the NYSE under the symbol “PDAC.U” tomorrow, Thursday, September 24.
This new company aims to combine with a target valued at between $800 million and $2 billion that is working to address climate change. Peridot is led by CEO and Chairman Alan Levande and CFO Markus Specks.
Total SPAC deal count for 2020 year-to-date is now 110 with $42.1 billion in gross proceeds raised. This offering is expected to close on Monday, September 28.
UBS Securities LLC and Barclays Capital Inc. acted as joint book running managers and Tudor, Pickering, Holt & Co. Securities, LLC acted as co-manager for the offering. Kirkland & Ellis LLP serve as Issuer’s Counsel with Ellenoff Grossman & Shole LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC, serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.
Crown PropTech (OTC:CPTKW) has entered into a definitive agreement to combine with rare earth mining firm Mkango Resources (TSX-V:MKA) at a pre-money equity value of $400 million. London-based Mkango is working to commercialize a chain of rare earth mining and refining facilities in Africa and Europe. The combined company is expected to trade on the...
At the SPAC of Dawn One of the biggest sources of uncertainty in the SPAC market in recent years has been regulatory changes, but new shifts could be in its favor. SEC Chairman Paul Atkins told CNBC yesterday that the commission would review the rules for SPACs after “rather controversial” changes to the rules passed...
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At the SPAC of Dawn The rain of SPACs has continued with four expected to make their debuts during today’s trading sessions after pricing their IPOs overnight. The largest of these, EQV Ventures II (NASDAQ:EVACU), even managed an upsize, making it the largest SPAC IPO since Ares II (NYSE:AACT) pulled together $450 million in 2023....
EQV Ventures II (NASDAQ:EVACU) announced the pricing of its upsized $420 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “EVACU”, Wednesday, July 2, 2025. The new SPAC plans to merge with an energy target involved in upstream exploration or production. EQV II’s management team is led by...