VectoIQ Acquisition Corp. II announced the pricing of its $300 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “VTIQU” Thursday, January 7.
The new company aims to combine with an industrial technology, transportation or smart mobility business in the middle market. VectoIQ II is led by CEO Stephen Girsky, President and COO Mary Chan and CFO Steve Shindler.
Total SPAC deal count for 2021 year-to-date is now nine with $2 billion in gross proceeds raised. This offering is expected to close on Monday, January 11.
Cowen and Company, LLC and Morgan Stanley & Co. LLC are acting as joint book-running managers for the offering. Greenberg Traurig LLP is serving as Issuer’s Counsel with Skadden, Arps, Slate, Meagher & Flom LLP serving as Underwriter’s Counsel. RSM US LLP serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.
Trump Media (NASDAQ:DJT) is down about -15% in the pre-market following the filing of its first S-1 since closing its combination with Digital World, and this includes the issuance of the 21,491,251 shares. Of these, 14,375,000 are to be made available for those exercising warrants while the rest would go out to note holders from...
At the SPAC of Dawn This week, bookended by the end of Ramadan and the beginning of Passover, could wind up stacked with events to avoid those holiday times, but for now SPACs have scheduled just six extension votes for this stretch. Redwood (NASDAQ:RWOD) and Genesis Growth Tech (OTC:GGAAF) have yet to release results from...
Terms Tracker for the Week Ending April 12, 2024 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. The month of April is still feeling pretty sleepy, but there’s reason to believe that will change relatively soon with some notable events lined up...
The SPAC boom of 2020-2021 brought the asset class into sectors they had never entered before and that had generated few if any public companies of any kind. Space was one of these, but it appeared to be a passing fascination as soon as macro financial winds changed. That could be about to change once...
At the SPAC of Dawn As portions of the market rallied suddenly yesterday from Wednesday’s inflation gloom, LiveWire (NYSE:LVWR) was among the surprising gainers. The manufacturer of electric motorcycles that spun out from Harley Davidson in a 2022 SPAC deal with AEA-Bridges has never been among the flashiest EV de-SPACs, but it has quietly provided...