Aequi Acquisition Corp. announced the pricing of its $200 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “ARBGU” tomorrow, November 19.
The new company aims to combine with a technology-driven company in the consumer space with strong ESG principles. Aequi is led by Chairperson and CEO Hope S. Taitz alongside CFO, Secretary and Director Joy Seppala.
Total SPAC deal count for 2020 year-to-date is now 190 with $67.2 billion in gross proceeds raised. This offering is expected to close on Monday, November 23.
RBC Capital Markets, LLC and BofA Securities, Inc. are acting as joint book-running managers for the offering with Samuel A Ramirez & Company, Inc. and Siebert Williams Shank & Co., LLC serving as co-managers. Ellenoff Grossman & Schole LLP is serving as Issuer’s Counsel with Skadden, Arps, Slate, Meagher & Flom LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.
Terms Tracker for the Week Ending March 15, 2024 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. Maybe it’s the weather, but there was a perceptible change this week in the air. That’s not to say that we should expect a big...
Deals and Amendments Keyarch (NASDAQ:KYCH) has tweaked the earnout provision of its combination with EV charging firm ZOOZ Power. Under the new terms, ZOOZ shareholders will still receive 1,000,000 shares if it achieves $10 million or more in gross revenue for any four quarters within five or if its shares hit a VWAP of $12....
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News and Rumors PR: eVTOL maker Lilium (NASDAQ:LILM) has partnered with Atlantic Aviation to provide infrastructure support Lilium’s launch into Florida, California, Texas and Northeast US markets. The two will collaborate on the planning aspects of integrating Lilium aircraft and regional jet service operations into airports. Lilium combined with Qell in September 2021. PR: Construction...