SBXC.U News

Just one small IPO and one SPAC began trading this past week. Two small IPOs submitted initial filings. Though there were no sizable pricings, the calendar got a boost from frac sand miner Atlas Energy Solutions (AESI), which launched its $387 million IPO; it’s scheduled to trade in the week ahead. The news capped off a solid but volatile month for the IPO...read more

SilverBox III, the third blank check company formed by members of SilverBox Capital, raised $120 million by offering 12 million units at $10. The company raised 20% more in proceeds than anticipated; it had originally filed earlier this month to raise $100 million. Each unit consists of one share of the common stock and one-third of one redeemable warrant. The Austin,...read more

Last week, Keen Vision Acquisition (KVISU.RC) and SilverBox III (SBXC.U) became the first blank check IPOs to file in 2023, ending the longest drought of new SPAC filings in more than five years. That milestone and the shrinking pipeline of blank check IPOs hint at lower SPAC merger activity in 2024. Formed by investment firm Keen Vision...read more

SilverBox III, the third blank check company formed by SilverBox Capital, filed on Friday with the SEC to raise up to $100 million in an initial public offering. The Austin, TX-based company plans to raise $100 million by offering 10 million units at $10. Each unit consists of one share of common stock and one-third of a warrant, exercisable at $11.50. At the proposed deal size,...read more