Monument Circle Acquisition Corp. announced the pricing of its upsized $218 million IPO this morning and its units are expected to begin trading on the Nasdaq under the symbol “MONCU” Thursday, January 14.
The new company aims to combine with a media, sports or entertainment business that is benefiting from disruptive trends in technology. Monument Circle is led by Chairman and CEO Jeffrey H. Smulyan and Presdient and COO Patrick Walsh alongside EVP, CFO and Treasurer Ryan A. Hornaday and EVP, General Counsel and Secretary J. Scott Enright.
Total SPAC deal count for 2021 year-to-date is now 43 with $11.6 billion in gross proceeds raised. This offering is expected to close on Tuesday, January 19.
Cantor Fitzgerald & Co. and Moelis & Company are serving as joint book-running managers for this offering. Paul Weiss, Rifkind, Wharton & Garrison LLP is serving as Issuer’s Counsel with Ellenoff Grossman & Schole LLP serving as Underwriter’s Counsel. WithumSmtih+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.
Despite a week of general pull-backs in the market, fintech firm Ibotta (NYSE:IBTA) nonetheless took the dive and had a good week debuting via a traditional IPO in the choppy waters. The company, which provides app-based consumer cashback discounts on purchases, priced its IPO at $88, above its proposed range of $76 to $84, and...
At the SPAC of Dawn Happy Friday! SPACInsider has unveiled new presets on SPAC Performance accessible via the Data drop-down to easily sort for the highest and lowest performing active SPACs and de-SPACs. On the de-SPAC side, Vertiv (NYSE:VRT) continues to be well ahead of the pack, logging a 710% return by share price adjusted...
AGBA (NASDAQ:AGBA) stock is up over +90% this morning following a +211% premarket spike on news it has signed a definitive agreement to combine with social streaming video platform Triller. AGBA, the company itself, was formed by the $555 million combination between a SPAC of the same name and TAG Companies, a financial services firm...
At the SPAC of Dawn Since closing its combination with DHC last month, AI customer engagement firm BEN (NASDAQ:BNAI) has rolled out new partnerships with call center and healthcare clients. And, while it faces a fair bit of competition in the chatbot realm, several high-profile institutions have demonstrated that creating one that provides useful services...
Blue Ocean (NASDAQ:BOCN) provided significantly more texture today in the presentation for its $275 million combination with Asian digital media group TNL Mediagene, which it expects to hit profitability in the second half of the year despite a slight shakeup in financing for the transaction. The first big update in the first investor deck is...