FTAC Hera Acquisition Corp. announced the pricing of its upsized $800 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “HERAU,” Thursday, March 4.
The new company intends to identify technology and financial services technology, or fintech, companies that power transformation and innovation. FTAC Hera is led by Chairman Betsy Z. Cohen and President and Chief Executive Officer Daniel G. Cohen.
Total SPAC deal count for 2021 year-to-date is now 208. This offering is expected to close on Monday, March 8.
Citigroup Global Markets Inc. and J.P. Morgan Securities LLC are serving as the joint book-running managers for the offering. Ledgewood is serving as Issuer’s Counsel with Davis Polk & Wardwell LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
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...
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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...
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Overall deal flow between SPACs and biotech firms has slowed over the last year, but some pending FDA changes could breathe new life into particular business models within the space. In particular, the FDA has asked Congress as part of its 2025 Legislative Proposals to eliminate the interchangeability designation for biosimilar medications, claiming the existing...