Golden Falcon Acquisition Corp. (GFX.U) Prices Upsized $300M IPO

IPO

Golden Falcon Acquisition Corp. (GFX.U) Prices Upsized $300M IPO

Golden Falcon Acquisition Corp. announced the pricing of its upsized $300 million IPO this evening and its units are expected to begin trading on the NYSE under the symbol “GFX.U” tomorrow, Friday, December 18.

The new company aims to combine with a TMT target in the US, Europe or Middle East with a strong transatlantic nexus. Golden Falcon is led by Chairman Scott J. Freidheim alongside CEO and Director Makram Azar, CFO and Director Eli Muraidekh and General Counsel and Secretary John M. Basnage de Beauval.

Total SPAC deal count for 2020 year-to-date is now 240 with $80.6 billion in gross proceeds raised. This offering is expected to close on Tuesday, December 22.


UBS Securities LLC and Moelis & Company LLC are acting as joint book-running managers of this offering and EarlyBirdCapital, Inc. as lead manager for the offering. Greenberg Traurig is serving as Issuer’s Counsel with Graubard Miller LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.

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