The new company aims to combine with a target valued over $1 billion with either recurring revenue or strong free cash flow. SilverBox I is led by Executive Chairman Joseph Reece, CEO Stephen Kadenacy, CIO Duncan Murdoch, COO Jin Chun, and CFO David Esters.
Total SPAC deal count for 2021 year-to-date is now 177. This offering is expected to close on Tuesday, March 2.
Citigroup Global Markets Inc. and Deutsche Bank Securities Inc., are acting as joint book-running managers. Ellenoff Grossman & Schole LLP is serving as Issuer’s Counsel with Shearman & Sterling LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.