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.
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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Blue Ocean (NASDAQ:BOCN) provided significantly more texture today in the presentation for its $275 million combination with Asian digital media group TNL Mediagene, which it expects to hit profitability in the second half of the year despite a slight shakeup in financing for the transaction. The first big update in the first investor deck is...