DRAYU News

Macondray Capital Acquisition I, a blank check company targeting the software, data and technology, and TMT sectors, raised $250 million by offering 25 million units at $10. Each unit consists of one share of common stock and one-third of a warrant, exercisable at $11.50. The company is led by Co-CEO and Chairman Grady Burnett, the founder of venture capital...read more

Macondray Capital Acquisition I, a blank check company targeting the software, data and technology, and TMT sectors, lowered the proposed deal size for its upcoming IPO on Monday. The Menlo Park, CA-based company now plans to raise $250 million by offering 25 million units at $10 per unit. The company had previously filed to offer 27.5 million units at the same price. Each unit...read more

Following some turmoil in the IPO market, three IPOs and one direct listing entered the public markets this past week. SPAC activity picked up considerably, with seven blank check IPOs raising $1.3 billion. The pipeline saw plenty of new filers, with 13 IPOs and four SPACs submitting initial filings. The largest deal of the week, Swedish oat milk brand ...read more

Macondray Capital Acquisition I, a blank check company targeting software, data and technology, and TMT, filed on Monday with the SEC to raise up to $275 million in an initial public offering. The Menlo Park, CA-based company plans to raise $275 million by offering 27.5 million units at $10. Each unit contains one share of common stock and one-third of a warrant, exercisable at...read more