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.
News and Rumors PR: LatAm Logistic Properties, which has a pending combination with two (NYSE:TWOA), has secured a new $43 million 10-year lease for one of its properties in Peru. two is set to hold its completion vote on the deal March 25. TechCrunch: EV-maker Fisker (NYSE:FSR) has begun a six-week production pause as it...
At the SPAC of Dawn Much of the action around SPAC votes this week is back-loaded towards Friday. Monday through Wednesday will see four extension votes and one completion vote, while Thursday and Friday is set to host three of each. The headliner of these completion votes is of course Digital World‘s (NASDAQ:DWAC) long-awaited special...
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....
In the current market conditions, SPACs looking for a target have to thread multiple needles at once. Many in the market now – particularly of the 2021 vintage – set out with teams experienced in high-growth technology sectors, but a risk-off market spooked by inflation has expressed itself in an appetite for more “sure things.”...