Connect with us

SPAC Insiders

Legato Merger Corp. (LEGOU) Prices Upsized $205M IPO

Avatar

Published

on

IPO

Legato Merger Corp. announced the pricing of its $205 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “LEGOU” Wednesday, January 20.

The new company aims to combine with a business in the renewables, infrastructure, construction or engineering sectors. Legato is led by CEO David D. Sgro, Chief SPAC Officer Eric S. Rosenfeld, Non-Executive Chairman Brian Pratt, and SFO and Secretary Adam Jaffe.

Total SPAC deal count for 2021 year-to-date is now 59 with $16.3 billion in gross proceeds raised. This offering is expected to close on Friday, January 22.


EarlyBirdCapital, Inc. is acting as the sole book running manager for the offering. I-Bankers Securities, Inc. is acting as co-manager. Graubard Miller is serving as Issuer’s Counsel with Loeb & Loeb LLP serving as Underwriter’s Counsel. WithumSmith+Brown PC serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.

Source: https://spacinsider.com/2021/01/19/legato-merger-corporation-prices-upsized-205m-ipo/

SPAC Insiders

SPAC IPO Terms Tracker: A Possible Headfake

Avatar

Published

on

Terms Tracker for the Week Ending February 26, 2021 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. The concerns we have raised about supply over the last month may have been premature given there was plenty of demand to soak up the
Read More

To access this post, you must purchase 1 – User: Monthly Plan or 1 – User: Annual Plan ($250/month).

Matt Cianci

Source: https://spacinsider.com/2021/02/28/spac-ipo-terms-tracker-week-ending-february-26-2021/

Continue Reading

SPAC Insiders

Ibere Pharmaceuticals (IBER.U) Prices Upsized $120M IPO

Avatar

Published

on

Ibere Pharmaceuticals announced the pricing of its upsized $120 million IPO this morning and its units are expected to begin trading on the NYSE under the symbol “IBER.U,” today, February 26.

The new company aims to combine with an internationally known pharmaceutical brand that can serve as platform for acquiring drugs with expiring patents. Ibere is led by Chairman and CEO Osagie Imasogie, CFO and EVP Lisa Gray and COO and EVP Zoltan Kerekes.

Total SPAC deal count for 2021 year-to-date is now 188. This offering is expected to close on Tuesday, March 2.


Raymond James & Associates, Inc. is acting as the sole book-running manager for the offering. Shearman & Sterling LLP 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.

Nicholas Alan Clayton

Source: https://spacinsider.com/2021/02/26/ibere-pharmaceuticals-prices-upsized-120m-ipo/

Continue Reading

SPAC Insiders

Desktop Metal (DM) Announces Warrant Redemption

Avatar

Published

on

Desktop Metal, Inc. (NYSE: DM), which completed their combination with Trine Acquisition Corp. in early December 2020, announced this morning that they will be redeeming their remaining outstanding public SPAC warrants for cash exercise.  However, Desktop Metal notes that 75 percent of their outstanding warrants have already been exercised to-date. So today’s announcement is essentially
Read More

To access this post, you must purchase 1 – User: Monthly Plan or 1 – User: Annual Plan ($250/month).

Kristi Marvin

Source: https://spacinsider.com/2021/02/26/desktop-metal-dm-announces-warrant-redemption/

Continue Reading

SPAC Insiders

Roth CH Acquisition II Co. (ROCC) Discloses Non-Binding LOI

Avatar

Published

on

Roth CH Acquisition II Co. (NASDAQ:ROCC) filed a 8-K this morning disclosing that it has signed a non-binding letter of intent (LOI) for a potential business combination, but did not provide any other details about the target. This is unusual for a number of reasons. SPACs are not obligated to disclose discussions at this stage,
Read More

To access this post, you must purchase 1 – User: Monthly Plan or 1 – User: Annual Plan ($250/month).

Nicholas Alan Clayton

Source: https://spacinsider.com/2021/02/26/roth-ch-acquisition-ii-co-discloses-non-binding-loi/

Continue Reading
Blockchain2 days ago

‘Bitcoin Senator’ Lummis Optimistic About Crypto Tax Reform

Esports3 days ago

PowerOfEvil on TSM’s Spring Split playoff preparation: ‘A lot of things are going to change in the next couple of days’

Blockchain2 days ago

Dogecoin becomes the most popular cryptocurrency

Aerospace4 days ago

Astra’s 100-year plan: Q&A with CEO Chris Kemp

Gaming2 days ago

Betfred Sports, Represented by SCCG Management, Signs Multi-year Marketing Agreement with the Colorado Rockies

AR/VR2 days ago

‘Farpoint’ Studio Impulse Gear Announces a New VR Game Coming This Year

Blockchain2 days ago

NEXT Chain: New Generation Blockchain With Eyes on the DeFi Industry

Payments3 days ago

4-parter on Coinbase “IPO” – Part 1 = 5 Reasons Why It Matters

Blockchain2 days ago

Billionaire Hedge Fund Manager and a Former CFTC Chairman Reportedly Invested in Crypto Firm

Blockchain2 days ago

Bitcoin Price Analysis: Back Above $50K, But Facing Huge Resistance Now

Cyber Security4 days ago

How you can get someone’s Snapchat password?

Cyber Security4 days ago

Critical Vulnerability Discovered in a Firewall Appliance Made by Genua

Aerospace3 days ago

Partners produce rotor blade 3D-printed tool on Ingersoll 3D printer

Automotive4 days ago

Rivian shares details on the R1T pickup’s clever battery heating strategies

Cyber Security4 days ago

Most Popular Software Trends for 2021

Blockchain2 days ago

Institutional Investors Continue to Buy Bitcoin as Price Tops $50K: Report

Esports3 days ago

How to download Pokemon Unite APK, iOS, and Switch

AI3 days ago

How AI is Transforming Cybersecurity in 2021?

HRTech3 days ago

Only 57% Indian employees feel GTL insurance cover by employer is sufficient

Aviation3 days ago

Uganda Airlines To Fly The Rare Airbus A330-800 To London Heathrow

Trending