Vickers Vantage Corp. I announced the pricing of its $120 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “VCKAU” Thursday, January 7.
The new company aims to combine with a business that matches the industry experience of its management, which has overseen a number of transactions in the Americas and Asia. Vickers Vantage is led by Chairman and CEO Jeffrey Chi alongside CFO Chris Ho.
Total SPAC deal count for 2021 year-to-date is now 11 with $2.4 billion in gross proceeds raised. This offering is expected to close on Monday, January 11.
Maxim Group LLC is acting as the sole book-running manager for the offering. Graubard Miller is serving as Issuer’s Counsel with Loeb & Loeb LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.
The pace of de-SPACs making it to their lock-up expirations is set to roughly remain level with last month as May’s batch includes five companies and six sponsors set to be released. This group features a high number of Asia-based deals including its headline performer, SunCar Technology (NASDAQ:SDA), which last closed at $7.91. Earlier this...
DT Cloud Star (NASDAQ:DTSQU) filed an S-1 to raise $60 million as the second SPAC by its sponsor team, but this venture would be the 13th foray by underwriter Alliance Global Partners and the first under its new branding as AGP. However, three of those initial filings have subsequently been withdrawn. Nonetheless, AGP is offering...
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