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Metals Acquisition Corp. (MTAL.U) Prices $250M IPO

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Jul 28, 2021 IPOs by Marlena Haddad

Metals Acquisition Corp. announced the pricing of its $250 million IPO and its shares are expected to begin trading on the New York Stock Exchange under the symbol “MTAL.U” Thursday, July 29.

The new SPAC aims to combine with a target with a strong track record of environmental stewardship and engagement with local stakeholders. Metals is led by CEO Michael (Mick) James McMullen, CFO Marthinus (Jaco) J. Crouse, CDO Dan Vujcic and Chair nominee Patrice E. Merrin.

Total SPAC deal count for 2021 year-to-date is now 385. This offering is expected to close on Monday, August 2.


Citigroup is serving as the sole book-running manager for the offering. Paul Hastings LLP is serving as Issuer’s Counsel with Davis Polk & Wardwell LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.

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Source: https://spacinsider.com/2021/07/28/metals-acquisition-corp-prices-250m-ipo/

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HHG Capital Corp. (HHGCU) Prices $50M IPO

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Sep 20, 2021 IPOs by Marlena Haddad

HHG Capital Corp.  announced the pricing of its $50 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “HHGCU” Tuesday, September 21.

The new SPAC intends to combine with an established business that is currently under-performing its potential due to a temporary period of dislocation in the markets. HHG Capital Corp. is led by CEO Chee Shiong (Keith) Kok and CFO Shuk Man (Lora) Chan.

Total SPAC deal count for 2021 year-to-date is now 436. This offering is expected to close on Thursday, September 23.


EF Hutton, division of Benchmark Investments, LLC, and Brookline Capital Markets, a division of Arcadia Securities, LLC, are the joint book-running managers for the IPO. Loeb & Loeb LLP is serving as Issuer’s Counsel with Nelson Mullins Riley & Scarborough LLP serving as Underwriter’s Counsel. Friedman LLP serves as auditor. American Stock Transfer & Trust Company, LLC is acting as trustee.

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Source: https://spacinsider.com/2021/09/20/hhg-capital-corp-prices-50m-ipo/

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The Latest SPAC News and Rumors: September 20, 2021

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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. 

Latest SPAC News: Hong Kong struggles to lure SPACs while MENA SPAC activity surges; WeWork to start trading in October


Hong Kong Seen Struggling to Lure SPACs With Strict Rulebook

Hong Kong could have a hard time attracting blank check companies after it proposed a high threshold to list in the city, according to Bloomberg.

In a consultation paper released on Friday, Hong Kong Exchanges & Clearing Ltd. proposed that SPACs would need to raise at least HK$1 billion ($128 million) when listing and that retail investors would be barred from participating.

It also set an eligibility test for SPAC promoters, including having managed at least HK$8 billion for three years or possessing senior management experience at major listed companies.

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Surge in MENA’s SPAC Activity Counters IPO Drop, Says Ernst & Young 

Middle Eastern businesses are increasingly making use of SPACs, a report by Ernst & Young has claimed.

The analysis shows a rise in activity involving SPACs and MENA-based firms.

Gregory Hughes, Ernst & Young MENA IPO and transaction diligence leader, said: “IPO activity during H1 2021 was below expectations, nevertheless the year did bring some remarkable deals with MENA companies showing an ever-increasing interest in SPAC transactions as a means to go public. We expect this trend to continue as companies seek to increase their international presence and gain access to a wider pool of investors.”

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WeWork to Start Trading in October, Two Years After IPO Crash

WeWork Cos. plans to begin trading its shares around Oct. 21 on the NYSE, nearing the end of a years-long journey to the public markets.

Shareholders in a SPAC set to acquire WeWork will meet on Oct. 19 to vote on the plan, the companies said in a statement.

Subject to shareholder approval, the deal will close on or about Oct. 21 and the shares will be listed after that under the ticker WE. The SPAC, BowX Acquisition Corp. (NASDAQ:BOWX), currently trades at $10.00, off its high of $13.71 in April after unveiling the merger with the New York-based real estate company.

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Source: https://spacinsider.com/2021/09/20/latest-spac-news-and-rumors-september-20-2021/

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Cartesian Growth Corporation (GLBL) to Combine with Alvarium Tiedemann Holdings in $1Bn Deal

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Source: https://spacinsider.com/2021/09/20/cartesian-to-merge-with-alvarium-tiedemann-in-1bn-deal/

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SPAC IPO Terms Tracker: Another Quiet Holiday Week

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Source: https://spacinsider.com/2021/09/19/terms-tracker-week-ending-september-17-2021/

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