The new company aims to combine with a target in the aerospace, defense, urban mobility or emerging technology spaces valued at between $600 million and $1.5 billion. Zanite is led by Co-CEOs Steven H. Rosen and Kenneth C. Ricci alongside CFO Michael A. Rossi.
Total SPAC deal count for 2020 year-to-date is now 180 with $65.3 billion in gross proceeds raised. This offering is expected to close on Thursday, November 19.
BTIG, LLC is acting as the sole book running manager for the offering and I-Bankers Securities, Inc. is acting as co-manager of the offering. White & Case LLP is serving as Issuer’s Counsel with Kirkland & Ellis LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.