Software Acquisition Group Inc. II announced the pricing of its $200 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “SWAGU” Thursday, July 29.
The new SPAC aims to combine with a software target that has an enterprise value of $600 million or more along with compelling growth prospects. Software Acquisition Group II is led by Chairman, CEO, and CFO Jonathan S. Huberman along with VP of Acquisitions Mike Nikzad.
Total SPAC deal count for 2021 year-to-date is now 386. This offering is expected to close on Monday, August 2.
Jefferies is serving as the sole book-running managers for the offering. Kirkland & Ellis LLP is serving as Issuer’s Counsel with Paul Hastings LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
A SPAC III (NASDAQ:ASPC) has entered into a definitive agreement to combine with sustainable fabric maker Bioserica for $200 million in equity consideration. Hangzhou, China-based Bioserica manufactures biodegradable socks made from anti-bacterial materials backed up by 57 patents. The combined company is expected to trade on the Nasdaq once the deal is completed by an...
At the SPAC of Dawn After a scant May for new SPAC deal announcements, both Investcorp Europe I (OTC:IVCBF) and A SPAC III (NASDAQ:ASPC) unveiled new business combinations coming out of Memorial Day weekend. While both deals are on the smaller side, they both represent somewhat different processes as well. Investcorp Europe I IPO’d back...
Terms Tracker for the Week Ending May 23, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. Another solid week for SPAC IPO trading. Five more IPOs priced, bringing May’s total to 18 and the YTD tally to 49. That’s just eight...
Pelican Acquisition Corp. (NASDAQ:PELIU) announced the pricing of its $75 million IPO and its units began trading on the Nasdaq under the symbol “PELIU”, Friday, May 23, 2025. The new SPAC aims to combine with a technology company with a defensible market position that would benefit from being publicly traded in the US. Pelican’s management...
Cohen Circle II (NASDAQ:CCIIU) has filed for a $220 million SPAC marking the second wave of the Betsy Cohen team’s return to the market in the burgeoning 2024/2025 cycle. The new SPAC brings slightly less warrant coverage than its predecessor Cohen Circle I (NASDAQ:CCIR) with a 1/4 warrant in each of its units as opposed...