M3-Brigade Acquisition III Corp. announced the pricing of its upsized $261 million IPO and its shares are expected to begin trading on the NYSE under the symbol “MBSC.U” Friday, October 22.
The new SPAC intends to focus its search on businesses or companies which are based in North America and have been impacted by the COVID-19 pandemic or businesses in the renewable energy sector (or related products or services). M-3 Brigade Acquisition III Corp. is led by Executive Chairman of the Board Mohsin Y. Meghji, CEO Matthew Perkal, EVPs Chris Chaice, William Gallagher, Kallie Steffes and Charles Garner, who also serves as Secretary, and CFO Christopher Good.
Total SPAC deal count for 2021 year-to-date is now 487. This offering is expected to close on Tuesday, October 26.
Cantor Fitzgerald & Co. is serving as the sole book-running manager for this offering. Paul, Weiss, Rifkind, Wharton & Garrison LLP is serving as Issuer’s Counsel with Ellenoff Grossman & Schole LLP serving as Underwriter’s Counsel. BDO USA, LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
In a surprise move, the NYSE has proposed a rule change to its listing standards to allow SPACs to continue listing up to an additional six months beyond the current 36. However, this is only if the SPAC has signed a definitive agreement prior to the 36 month deadline. As background, both the Nasdaq and...
At the SPAC of Dawn While the dealmaking environment appears to be improving in the US, there are changes afoot down under that could have both positive and negative effects for SPAC deals completed in Australia. The country has hosted five SPAC transactions over the past two years, which has made it a low-key popular...
Blockchain Coinvestors Acquisition Corp. I (NASDAQ:BCSA) has entered into a definitive agreement to combine with fintech firm Linqto at an enterprise value of $700 million. San Jose, California-based Linqto provides a platform for investors to invest in private venture-backed startups. The combined company is expected to trade on the Nasdaq once the deal is completed...
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JVSPAC (NASDAQ:JVSA) has entered into a definitive agreement to combine with Philippines hospitality firm Hotel101 at an equity value of about $2.3 billion. Hotel101 is a subsidiary of Manila-based budget hospitality brand of conglomerate DoubleDragon that is focused on providing standardized hotel rooms across its full network. The combined company is expected to begin trading...