two (TWOA.U) announced the pricing of their $200 million IPO this morning and the shares are expected to begin trading on the NYSE under the symbol “TWOA”, Tuesday, March 30.
The new company intends to combine with a target advancing innovation and the democratization of technology with promising growth. two is led by co-founders and Co-CEOs Kevin Hartz and Gautam Gupta, alongside co-founder and CFO Troy B. Steckenrider III and Chairman Pierre Lamond.
Total SPAC deal count for 2021 year-to-date is now 297. The offering is anticipated to close on Thursday, April 1.
Citigroup Global Markets Inc. is serving as the sole book-running manager for the offering. Cadwalader, Wickersham & Taft LLP served as Issuer’s Counsel while Shearman & Sterling LLP served as Underwriter’s Counsel. WithumSmith+Brown, PC, acted as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
At the SPAC of Dawn Although the drought of new SPAC transactions is approaching one full month, that hasn’t stopped the dealmaking between de-SPACs themselves. Trump Media (NASDAQ:DJT) is reportedly in advanced talks to buy crypto and digital asset marketplace and 2021 de-SPAC Bakkt (NYSE:BKKT) in an all-stock deal, according to FT. The former target...
Columbus Acquisition Corp (NASDAQ:COLAU) has filed for a $57.5 million IPO to give its team a second vehicle in circulation to hunt for deals. The same team IPO’d Eureka (NASDAQ:EURK) in July at a slightly smaller $50 million scale and this new SPAC would improve upon some of that foray’s terms. Both SPACs managed to...
At the SPAC of Dawn One week before Thanksgiving, SPACs are not filling up their plate with just five votes scheduled, all of which are extensions. Five of these are set to take place today, and investors are also set to get an update on one of the most successful de-SPACs of recent years. Industrial...
Terms Tracker for the Week Ending November 15, 2024 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. The drought in De-SPAC deals continues without a single announced combination since October 23rd. That’s more than three weeks now with SPACs experiencing a dry...
Few corners of the market have seen a bigger boost from the result of the US elections than the crypto industry, and SPACs are always sure to be drawn to where the action is. But, in crypto’s case, this is a play that SPACs have been involved in before, so the question is more of...