PWP Forward Acquisition Corp. I announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “FRWAU”, Wednesday, March 10.
The new company aims to combine with a women-led business with strong ESG principles and services directed towards women. PWP Forward I is led by CEO Stacia Ryan and Chairman Joseph R. Perella.
Total SPAC deal count for 2021 year-to-date is now 234. This offering is expected to close on Friday, March 12.
Citigroup is acting as the book-running manager, and Siebert Williams Shank & Co., Telsey Advisory Group and Tigress Financial Partners are acting as co-managers for the offering. Skadden, Arps, Slate, Meagher & Flom LLP is serving as Issuer’s Counsel with Davis Polk & Wardwell LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
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With the passage this weekend of $95 billion in funding for Ukraine, Israel and Taiwan by the House of Representatives, some focus has gone back towards the defense sector, which has generally had a good year as a whole. But, SPACs have not been as active in defense, despite the fact that companies in the...