Sound Point Acquisition Corp. I Ltd announced the pricing of its upsized $225 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “SPCMU” Wednesday, March 2.
The new SPAC intends to acquire a business in high-growth sectors within the broadly syndicated loan space such as the IT software, business services and TMT sectors. Sound Point I is led by Chairman and CEO Stephen Ketchum, President Marc Sole, CFO David Grill, and Head of Corporate Development Philip Bartow.
Total SPAC deal count for 2022 year-to-date is now 46. This offering is expected to close on Friday, March 5.
BofA Securities and J.P. Morgan are serving as the joint book-running managers for the offering and AmeriVet Securities and SPC Capital Markets are serving as co-managers for the offering. Gibson, Dunn & Crutcher LLP is serving as Issuer’s Counsel with Morrison & Foerster LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as an auditor. Continental Stock Transfer & Trust Company is acting as trustee.
Terms Tracker for the Week Ending July 3, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. We’re heading into the July 4th holiday, so we’ll keep this week’s column short and to the point. But before you head to the beach,...
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