Minority Equality Opportunities Acquisition Inc. announced the pricing of its upsized $110 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “MEOAU” Thursday, August 26.
The new SPAC intends to focus its search on a minority-owned business with an enterprise value of approximately $250 million to $500 million and has a defensible market position. Minority Equality Opportunities is led by CEO, President, and Chairman Shawn D. Rochester, and CFO, Treasurer, and Secretary Robin Watkins.
Total SPAC deal count for 2021 year-to-date is now 416. This offering is expected to close on Monday, August 30.
Maxim Group LLC served as the sole book-running manager on the offering. Pryor Cashman LLP is serving as Issuer’s Counsel with Ellenoff Grossman & Schole LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
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...
At the SPAC of Dawn As April’s sleepy month for SPAC news continues, there is only one special meeting on the docket to consider a SPAC deal approval, that being today’s vote on Pegasus Digital Mobility‘s (NYSE:PGSS) combination with equipment manufacturer Schmid. Three more SPACs are facing extension votes this week, including Pyrophyte (NYSE:PHYT), whose...
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Despite a week of general pull-backs in the market, fintech firm Ibotta (NYSE:IBTA) nonetheless took the dive and had a good week debuting via a traditional IPO in the choppy waters. The company, which provides app-based consumer cashback discounts on purchases, priced its IPO at $88, above its proposed range of $76 to $84, and...
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