The new company aims to combine with a fintech business in the banking, payments, investment management or data and analytics spaces. Motive is led by Executive Chairman and Director Rob Heyvaert, CEO and Director Blythe Masters and CFO and Director Kristy Trieste.
Total SPAC deal count for 2020 year-to-date is now 229 with $77.2 billion in gross proceeds raised. This offering is expected to close on Tuesday, December 15.
UBS Securities LLC and J.P. Morgan Securities LLC are acting as joint book-running managers for the offering. Kirkland & Ellis LLP is serving as Issuer’s Counsel with Ropes & Gray LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.