The new company plans to combine with a business that has a sustainable runway towards tackling a significant market opportunity. Pioneer is led by Chairman Jonathan Christodoro, Co-Presidents Rick Gerson and Oscar Salazar alongside CEO Ryan Khoury, COO Scott Carpenter and CFO Matthew Corey.
Total SPAC deal count for 2021 year-to-date is now 24 with $5.86 billion in gross proceeds raised. This offering is expected to close on Tuesday, January 12.
Citigroup Global Markets Inc. is acting as sole book-running manager for the offering. Kirkland & Ellis LLP is serving as Issuer’s Counsel with Weil, Gotshall & Manges LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.