EVe Mobility Acquisition Corp announced the pricing of its upsized $220 million IPO and its units are expected to begin trading on the NYSE under the symbol “EVE.U” Wednesday, December 15.
The new SPAC intends to focus on the mobility-related ecosystem and its surrounding adjacencies. This landscape encompasses traditional automotive sectors as well as technological subsectors that are driving the advancement of the industry as a whole. EVe Mobility is led by Chairman and CEO Scott Painter, COO Jim Nguyen, and CFO Kash Sheikh.
Total SPAC deal count for 2021 year-to-date is now 600. This offering is expected to close on Friday, December 17.
Cantor Fitzgerald & Co. and Moelis & Company LLC are acting as the book-running managers of the offering. Skadden, Arps, Slate, Meagher & Flom 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.
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...
At the SPAC of Dawn As noted in Monday’s morning roundup, SPAC activity has slowed to start April, but one of today’s votes is notable for a variety of reasons. Screaming Eagle (NASDAQ:SCRM) shareholders are set to vote on the fourth-largest deal by enterprise value that has been announced since the start of 2023. The...
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...
SPAC deals have provided a variety of ways to try and ride the growth in the private aviation space. One of the most successful so far has been to approach it not through the aircraft or sales of flights, but as an infrastructure play. This week, we speak with Francisco Gonzalez, CFO of private hangar operator...