The new company aims to combine with a target in the financial services industry with differentiated advisory and investment management offerings. Kingswood is led by Executive Chairman and Director Gary Wilder and CEO and Director Michael Nessim.
Total SPAC deal count for 2020 year-to-date is now 191 with $67.2 billion in gross proceeds raised. This offering is expected to close on Tuesday, November 24.
Oppenheimer & Co. is acting as the sole book running manager for the offering with Odeon Capital Group, LLC serving as Lead Manager. Winston & Strawn LLP is serving as Issuer’s Counsel with Loeb & Loeb LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.