While the IPO window all but closed over the past month, SPAC activity has held a brisk pace. So far this month, thirteen new blank check companies have filed to go public, slightly above March (12), and nearly quadruple last April (3). Similarly, seven SPACs...read more
New Providence Acquisition III, the third blank check company led by former soda executives targeting the consumer sector, raised $261 million by offering 26.1 million units at $10. Each unit consists of one share of common stock and one-third of a warrant,...read more
Seven IPOs and one SPAC debuted this week. One IPO and three SPACs submitted initial filings. Chinese education software provider Ruanyun Edai Technology (RYET) priced its US IPO at the low end to raise $15 million at a $135 million market cap. Focusing on K-...read more
New Providence Acquisition III, the third blank check company led by former soda executives targeting the consumer sector, filed on Monday with the SEC to raise up to $261 million in an initial public offering. The Palm Beach, FL-based company plans to raise...read more
New SPAC activity holds steady even as traditional IPOs delay
While the IPO window all but closed over the past month, SPAC activity has held a brisk pace. So far this month, thirteen new blank check companies have filed to go public, slightly above March (12), and nearly quadruple last April (3). Similarly, seven SPACs...read more
Consumer SPAC New Providence Acquisition III prices $261 million IPO
New Providence Acquisition III, the third blank check company led by former soda executives targeting the consumer sector, raised $261 million by offering 26.1 million units at $10. Each unit consists of one share of common stock and one-third of a warrant,...read more
US IPO Weekly Recap: Flurry of small issuers list, despite heightened market volatility
Seven IPOs and one SPAC debuted this week. One IPO and three SPACs submitted initial filings. Chinese education software provider Ruanyun Edai Technology (RYET) priced its US IPO at the low end to raise $15 million at a $135 million market cap. Focusing on K-...read more
Consumer SPAC New Providence Acquisition III files for a $261 million IPO
New Providence Acquisition III, the third blank check company led by former soda executives targeting the consumer sector, filed on Monday with the SEC to raise up to $261 million in an initial public offering. The Palm Beach, FL-based company plans to raise...read more