Schultze Special Purpose Acquisition Priced, Nasdaq: SAMAU

Blank check company formed by distressed debt investor George Schultze.

Industry: SPAC

Latest Trade: $9.95 -0.05 (-0.5%)

First Day Return: n/a

Return from IPO: 0.0%

Industry: SPAC

We are a blank check company. While our efforts in identifying a prospective target business for our initial business combination will not be limited to a particular industry or geographic region, we intend to initially focus our search on companies that have experienced and emerged from a financial restructuring. We do not have any specific business combination under consideration. Our sponsor is an affiliate of Schultze Asset Management, LP, an alternative investment management firm founded in 1998 that focuses on distressed, special situation and event-driven securities. Schultze Asset Management’s investment objective is to achieve exceptional risk-adjusted capital appreciation through investments in various securities of companies in financial and/or legal distress or which have recently emerged from financial reorganizations or lawsuits. Since inception, the firm has invested over $3.2 billion in investments across numerous market cycles. At the core of the firm’s strategy is deep-rooted, credit- and equity-based fundamental analysis, leveraging the team’s distressed, legal, bankruptcy and financial expertise. We intend to focus our efforts on seeking and completing an initial business combination with an enterprise that has a value of between $400.0 million to $1.0 billion
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IPO News for Schultze Special Purpose Acquisition
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IPO Data
IPO File Date 11/20/2018
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 13.0
Deal Size ($mm) $130
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 12/11/2018
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 13.0
Deal Size ($mm) $130
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters Rye Brook, NY
Founded 2018
Employees 4
Website samco.net