The new company aims to combine with a target that has been distressed by the impacts of the COVID-19 outbreak with an enterprise value of $400 million or more. Good Works is led by Co-Chairman and CEO Fred Zeidman and Co-Chairman and Director Douglas Wurth alongside President and Director Cary Grossman.
Total SPAC deal count for 2020 year-to-date is now 147 with $56.07 billion in gross proceeds raised. This offering is expected to close on Thursday, October 22.
I-Bankers Securities, Inc. is serving as sole book running manager for the offering. Schiff Hardin LLP is serving as Issuer’s Counsel with Ellenoff Grossman & Schole LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.