Spartacus Acquisition Corporation announced the pricing of its $200 million IPO this morning and its units are expected to begin trading on the Nasdaq under the symbol “TMTSU” today, Thursday, October 15. This is a downsize from $250 million originally.
The new company aims to combine with a company in the telecom, media or technology spaces with an enterprise value between $1 billion and $3 billion. Spartacus is led by Chairman and CEO Peter D. Aquino alongside CFO and Director Igor Volshteyn.
Total SPAC deal count for 2020 year-to-date is now 141 with $54.5 billion in gross proceeds raised. This offering is expected to close on Monday, October 19.
B. Riley Securities, Inc. acted as the sole book-running manager for the offering. Ellenoff Grossman & Schole LLP is serving as Issuer’s Counsel with Kirkland & Ellis serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.
Texas Ventures Acquisition III Corp (NASDAQ:TVACU) announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “TVACU”, Wednesday, April 23, 2025. The new SPAC’s primary search focus will be on industrial technology, specifically companies implementing advanced technologies including software, mobile and IoT applications,...
GSR III Acquisition Corp. (NASDAQ:GSRT) has entered into a definitive agreement to combine with nuclear reactor developer Terra Innovatum at a pro forma equity value of $475 million. Terra Innovatum is developing small modular nuclear reactor designs that it envisions employing in urban power supply applications. The combined company is expected trade on the Nasdaq under...
At the SPAC of Dawn Despite a continued tumble in the broader market, SPACs are still making noise and seem more likely than ever to play a significant role in the 2025 equity markets. GSR III (NASDAQ:GSRT) became the 16th SPAC to announce a deal so far this year and it is of the latest...
Papaya Growth (OTC:PPYA) has entered into a definitive agreement to combine with Brazilian energy firm PX Energy at an equity value of $155 million subject to adjustment based on fuel places leading into close. São Mateus do Sul, Brazil-based PX operates a petroleum refining, recycling and mining operation that produces both fuel and agricultural products....
At the SPAC of Dawn This week appears set to start in the red as futures blink negative after a long weekend and the end of Spring Break in the New York area. Four SPACs are nonetheless seeking extensions from shareholders this week, although no SPAC has yet scheduled a deal approval vote for the...