FoxWayne Enterprises Acquisition Corp. announced the pricing of its $50 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “FOXWU” Wednesday, January 20.
The new company aims to combine with a biotechnology or telemedicine business in North America that will be resilient to economic cycles. FoxWayne Enterprises is led by Chairman, CEO and CFO Robb Knie.
Total SPAC deal count for 2021 year-to-date is now 55 with $15.4 billion in gross proceeds raised. This offering is expected to close on Friday, January 22.
Kingswood Capital Markets, division of Benchmark Investments, Inc. is acting as the sole book running manager for the offering. Sheppard, Mullin, Richter & Hampton 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.