Atlantic Coastal Acquisition Corp. II announced the pricing of its upsized $261 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ACABU” Friday, January 14.
The new SPAC intends to identify a business in the next-generation mobility sector or other related technology sectors. Atlantic Coastal II is led by Chief Executive Officer and Chairman Shahraab Ahmad, Chief Strategy Officer Anthony D. Eisenberg, Chief Financial Officer Jason Chryssicas, and President Burt Jordan.
Total SPAC deal count for 2022 year-to-date is now 12. This offering is expected to close on Wednesday, January 19.
Cantor is acting as the sole book-running manager for the offering. Academy Securities, Inc. and Siebert Williams Shank & Co., LLC are acting as co-managers. Pillsbury Winthrop Shaw Pittman LLP is serving as Issuer’s Counsel with Elenoff Grossman & Schole LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
NMP Acquisition Corp. (NASDAQ:NMPAU) announced the pricing of its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “NMPAU”, Tuesday, July 1, 2025. The new SPAC plans to combine with a target company that has a resilient business model with potential to scale up revenue. NMP’s management...
Cohen Circle Acquisition Corp. II (NASDAQ:CCIIU) announced the pricing of its $220 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “CCIIU”, Tuesday, July 1, 2025. The new SPAC plans to combine with a target company in the financial services technology (fintech) sector and fintech adjacent sectors that...
Indigo Acquisition Corp. (NASDAQ:INACU) announced the pricing of its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “INACU”, Tuesday, July 1, 2025. The new SPAC plans to combine with an established, profitable company whose growth potential can benefit from its team’s expertise. Indigo’s management team is...
After a quiet June, July is set to be active throughout the month with nine de-SPACs and sponsors coming unlocked from their trading restrictions. This timing is most fortuitous for insurance investor Abacus Life (NASDAQ:ABL) and East Resources, which took it public in 2023, as it is the best performer of this group of companies...
Pyrophyte II (NYSE:PAII.U) has filed for a $175 million SPAC to dig for a natural resources target while the team’s first deal remains pending. The new SPAC is offering investors 1/2 warrants in each unit and it will have 24 months to complete a business combination without asking shareholders for an extension. It is the...