The new company aims to combine with a TMT business valued at $750 million to $2 billion positioned to benefit from current consumer engagement trends. 890 5th Avenue is led by Executive Chairman Adam Rothstein, CEO Emiliano Calemzuk alongside CFO and COO Michael Del Nin.
Total SPAC deal count for 2021 year-to-date is now 32 with $7.9 billion in gross proceeds raised. This offering is expected to close on Thursday, January 14.
Cowen and Company LLC and Craig-Hallum Capital Group LLP are acting as joint book-running manager for the offering. BraunHagey & Borden LLP is serving as Issuer’s Counsel with Greenberg Traurig LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.