TortoiseEcofin Acquisition Corp. III announced the pricing of its $300 million IPO and its shares are expected to begin trading on the New York Stock Exchange under the symbol “TRTL.U” Tuesday, July 20.
The new SPAC aims to combine with a target playing an active role in providing solutions to reduce emissions and improve the sustainability of products and industries. TortoiseEcofin Acquisition Corp. III is led by CEO and Chairman Vincent Cubbage and CFO and President Stephen Pang.
Total SPAC deal count for 2021 year-to-date is now 375. This offering is expected to close on Thursday, July 22.
Barclays, Goldman Sachs & Co. LLC and Cantor Fitzgerald & Co. are acting as joint book?runners for the proposed offering. Academy Securities, Inc. is acting as co-manager for the proposed offering. Vinson & Elkins LLP is serving as Issuer’s Counsel with Skadden, Arps, Slate, Meagher & Flom LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
D. Boral ARC Acquisition II Corp. (NASDAQ:ARBCU) has filed for a $250 million SPAC to give underwriter D. Boral a second in-house SPAC to pursue deals with. The new SPAC offers investors a 1/2 warrant and an initial 18-month time frame to complete a deal. D. Boral II’s sponsor may automatically extend this once by...
Ribbon (NASDAQ:RIBB) has entered into a definitive agreement to combine with Japanese biotech firm DRC Medicine at a pro forma equity value of $422 million. Tokyo-based DRC Medicine manufactures reusable anti-bacterial and anti-allergen wearables and aims to go deeper into the medical device and pharmaceutical space. Transaction Overview Ribbon is expected to provide $50.4 million...
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At the SPAC of Dawn The market is set to be showered with new SPACs today as three more SPACs priced their IPOs overnight, bringing 2025’s total to 66, already surpassing the full-year total of 2024. After hours, Ribbon (NASDAQ:RIBB) also added a new SPAC deal to June’s tally just under the wire, bringing the...