Cascade Acquisition Corp. announced the pricing of its $200 million IPO this evening and its units are expected to begin trading on the NYSE under the symbol “CAS.U” tomorrow, Friday, November 20.
The new company aims to combine with a target in the financial services industry. Cascade is led by Chairman, Chief Executive Officer and Director Jay Levine and CEO and Chief Operating Officer and Chief Financial Officer Daniel Hirsch.
Total SPAC deal count for 2020 year-to-date is now 192 with $67.4 billion in gross proceeds raised. This offering is expected to close on Tuesday, November 24.
Credit Suisse Securities (USA) LLC. and Morgan Stanley & Co. LLC are acting as joint book-running managers for the offering. Keefe, Bruyette & Woods, Inc. is acting as lead manager for the offering. Ellenoff Grossman & Schole LLP is serving as Issuer’s Counsel with Skadden, Arps, Slate, Meagher & Flom LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.
At the SPAC of Dawn SPAC activity has continued to heat up as the market now has a new business combination to digest alongside two new SPACs making their debut on the Nasdaq later today. Three more new SPACs have filed their initial S-1s to eventually join them. That makes 29 SPAC IPOs and 49...
Digital Asset Acquisition Corp. (NASDAQ:DAAQU) announced the pricing of its $150 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “DAAQU”, Tuesday, April 29, 2025. The new SPAC aims to combine with a target company in the digital asset and cryptocurrency sectors. Digital Asset Acquisition Corp.’s management team...
Real Asset Acquisition Corp. (NASDAQ:RAAQU) announced the pricing of its $150 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “RAAQU”, Tuesday, April 29, 2025. The new SPAC aims to combine with a target company in the quantum computing, metals/mining, rare earth and infrastructure sectors. Real Asset Acquisition Corp.’s...
Kochav Defense Acquisition Corp. (NASDAQ:KCHVU) has filed for a $220 million SPAC to bring Israeli defense sector experience to a hunt for a target in that growing business sphere. The new SPAC is not over-funded and offers one right to a 1/7 share in each unit. It will have 18 months to initially close a deal,...
Columbus Circle I (NASDAQ:CCCMU) has filed for a $200 million SPAC to serve as an in-house SPAC led by underwriter Cohen & Company. The new SPAC is to have 24 months on its initial clock with a 1/2 warrant in each unit and will not over-fund its trust, instead including $10.00 per unit in the account...