The new company aims to combine with a target that has developed a leading position within an industry that exhibits strong fundamentals. Capitol V is led by Chairman and CEO Mark D. Ein alongside President, CFO and Director L. Dyson Dryden and EVP and Secretary Alfeidur H. Saemundsson.
Total SPAC deal count for 2020 year-to-date is now 204 with $70.4 billion in gross proceeds raised. This offering is expected to close on Friday, December 4.
Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and Morgan Stanley & Co. LLC are acting as joint book-running managers of the offering. Latham & Watkins LLP is serving as Issuer’s Counsel with Davis Polk & Wardwell LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.