CCAI News

Cascadia Acquisition, a blank check company formed by Cascadia Capital targeting "Industry 4.0", raised $150 million by offering 15 million units at $10 per unit. Each unit contains one share of common stock and one-half of a warrant, exercisable at $11.50. Eight qualified institutional buyers and four institutional accredited investors (anchor investors) had each...read more

Cascadia Acquisition, a blank check company formed by Cascadia Capital targeting "Industry 4.0", filed on Thursday with the SEC to raise up to $150 million. The Seattle, WA-based company plans to raise $150 million by offering 15 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50. At the proposed deal size,...read more

Of the six deals that were scheduled to price in the first week of March, three non-technology deals were either postponed or delayed. James Hardie NV, a manufacturer of fiber cement and other building products and Conley Canitano, an IT consulting firm, were postponed due to unfavorable market conditions. G.I. Joe's, an outdoor sporting goods retailer, was delayed until next week...read more

Of the scheduled IPOs for this week, 2 have had their ranges increased -- software firm Neon Systems (NESY) and Greek TV network Antenna TV (ANTV). However, one of the IPOs scheduled this week -- Northwest sports superstore GI Joe's (GIJO) was pushed into next week with lower price talk. In addition, price talk was lowered for IT consultant Conley Canitano (CCAI)....read more