Northern Genesis Acquisition Corp. II announced the pricing of its $360 million IPO this evening and its units are expected to begin trading on the NYSE under the symbol “NGAB.U” Wednesday, January 13.
The new company aims to combine with a business that is improving global sustainability with predictable revenue and little material technology risk. Northern Genesis II is led by CEO Ian Robertson, CFO Ken Manget, Chair Chris Jarratt, and President Michael Hoffman.
Total SPAC deal count for 2021 year-to-date is now 35 with $9.1 billion in gross proceeds raised. This offering is expected to close on Friday, January 15.
J.P. Morgan Securities LLC, Barclays Capital Inc. and CIBC World Markets Corp. are acting as the joint book-running managers for the offering. Graubard Miller is serving as Issuer’s Counsel with Davis Polk & Wardwell serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.
NMP Acquisition Corp. (NASDAQ:NMPAU) announced the pricing of its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “NMPAU”, Tuesday, July 1, 2025. The new SPAC plans to combine with a target company that has a resilient business model with potential to scale up revenue. NMP’s management...
Cohen Circle Acquisition Corp. II (NASDAQ:CCIIU) announced the pricing of its $220 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “CCIIU”, Tuesday, July 1, 2025. The new SPAC plans to combine with a target company in the financial services technology (fintech) sector and fintech adjacent sectors that...
Indigo Acquisition Corp. (NASDAQ:INACU) announced the pricing of its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “INACU”, Tuesday, July 1, 2025. The new SPAC plans to combine with an established, profitable company whose growth potential can benefit from its team’s expertise. Indigo’s management team is...
After a quiet June, July is set to be active throughout the month with nine de-SPACs and sponsors coming unlocked from their trading restrictions. This timing is most fortuitous for insurance investor Abacus Life (NASDAQ:ABL) and East Resources, which took it public in 2023, as it is the best performer of this group of companies...
Pyrophyte II (NYSE:PAII.U) has filed for a $175 million SPAC to dig for a natural resources target while the team’s first deal remains pending. The new SPAC is offering investors 1/2 warrants in each unit and it will have 24 months to complete a business combination without asking shareholders for an extension. It is the...