Financial Strategies Acquisition Corp. announced the pricing of its $87 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “FXCOU” Friday, December 10.
The new SPAC intends to combine with a business in the fintech and financial services industries with an equity value of approximately $300 million to $500 million. Financial Strategies is led by CEO Jamie Khurshid, CFO Horst Rzepka, and Chairman Jeffrey Peel.
Total SPAC deal count for 2021 year-to-date is now 583. This offering is expected to close on Tuesday, December 14.
I-Bankers Securities, Inc. is acting as the sole book-running manager of the offering. Haynes and Boone, LLP is serving as Issuer’s Counsel with Schiff Hardin LLP serving as Underwriter’s Counsel. Grant Thornton LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
Four Leaf Acquisition Corporation (NASDAQ:FORL) has entered into a definitive agreement to combine with Chinese technology firm Xiaoyu Dida for undisclosed terms. The Guangzhou, China-based firm produces software and hardware for smart car washing systems. The parties have set December 31, 2025 as the initial outside date and the combined company is expected to trade...
At the SPAC of Dawn SPACs are back on the board with a new deal announcement, which is the first in a little over two weeks. This brings the fourth quarter count on fresh deals to a still-meager nine after 27 were announced in the third quarter. By contrast, this quarter has still seen more...
Range Capital Acquisition Corp. (NASDAQ: RANGU) announced the pricing of its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “RANGU”, Friday, December 20, 2024. The new SPAC intends to take a generalist approach in searching for a business combination, but will seek opportunities in capital constrained...
SPAC Deja Vu There’s been a lot of talk this year in the SPAC market about how it’s finally reverting back to a healthier version of deal flow and the comparison is always, “….like 2019”. In fact, in 2019, Trump was in office and there were 59 SPAC IPOs priced. As of this morning, Trump...
This year has seen a variety of innovations for SPACs to continue the lifespan beyond their traditional search windows. In general, this creativity is welcome as long as investors get their chance to have a say and a redemption opportunity at the appropriate time. But, in the second half of 2024, some SPACs have not...