Tekkorp Digital Acquisition Corp. announced the pricing of its $250 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “TEKKU” tomorrow, Wednesday, October 21.
The new company aims to combine with a target in the digital media, sports, entertainment, leisure, or gaming industries. Tekkorp is led by CEO and Director Matthew Davey, Chairman Morris Bailey, CFO Eric Matajevich, and President Robin Chhabra.
Total SPAC deal count for 2020 year-to-date is now 154 with $57.88 billion in gross proceeds raised. This offering is expected to close on Friday, October 23.
Jefferies LLC is serving as the sole book running manager with Macquarie Capital (USA) Inc. serving as co-manager for the offering. Skadden, Arps, Meagher & Flom LLP is serving 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.
Dynamix III (NASDAQ:DNMXU) has filed for a $150 million SPAC to accelerate the work of a new serial sponsor that is currently working to close the team’s buzzy second deal. Fresh off of a well-received deal announcement by its predecessor, Dynamix (NASDAQ:DYNX), this new SPAC is running it back with nearly identical terms. It is...
At the SPAC of Dawn What’s in a name? Apparently quite a lot. While many companies use SPAC transactions as a means of launching a rebirth, many have also taken the chance for a re-rebirth once public. This week, saw a raft of de-SPACs change their names to either move in a radically different direction...
Apex Treasury (NASDAQ:APXTU) has filed for a $250 million SPAC to bring another fresh team to the fold with some SPAC experience tucked away in its Board. The SPAC’s name would seem to tip its hand on what type of deal this team will attempt to assemble. But, the S-1 notes that a blockchain, digital...
GigCapital8 (NASDAQ:LBKXU) has filed for a $220 million SPAC to extend its series with what would be its second-largest vehicle raised to date. Among serial sponsors, the GigCapital team has been in the game longer than most, having IPO’d its first two SPACs, GigCapital and GigCapital2, back in 2017 and 2019 before the 2020 boom....
At the SPAC of Dawn The market may be on tenterhooks today as new CPI numbers roll out, but the SPAC market is rolling on as well. Two SPACs are expected to join their 236 listed brethren on the public markets today, having priced their IPOs after hours. The 101st and 102nd new S-1s of...