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TMT SPAC Advancit Acquisition I withdraws $275 million IPO

Advancit Acquisition I, a blank check company targeting media and technology, withdrew its plans for an initial public offering on Friday. It had filed in February 2021 and most recently planned to raise $275 million by offering 27.5 million units at $10, with each unit containing one share of common stock and one-third of a warrant. The company was set to be led...read more

Media and technology-focused SPAC Advancit Acquisition I lowers deal size by 21% ahead of $275 million IPO

Advancit Acquisition I, a blank check company targeting media and technology, lowered the proposed deal size for its upcoming IPO on Tuesday. The Armonk, NY-based company now plans to raise $275 million by offering 27.5 million units at $10. The company had previously filed to offer 35 million units at the same price. Each unit contains one share of common stock and one-third...read more

Media and technology SPAC Advancit Acquisition I files for a $350 million IPO

Advancit Acquisition I, a blank check company targeting media and technology, filed on Wednesday with the SEC to raise up to $350 million in an initial public offering. The Armonk, NY-based company plans to raise $350 million by offering 35 million units at $10. Each unit will consist of one share of common stock and one-third of a warrant, exercisable at $11.50. At the...read more

Energy SPAC Avondale Acquisition officially withdraws $200 million IPO

Avondale Acquisition, an oil and gas SPAC formed by the former CEO of Chesapeake Energy, withdrew its plans for an initial public offering on Thursday. It had filed to raise $200 million by offering 20 million shares at a price price of $10. The Oklahoma City, OK-based blank check company was formed in 2015 by Aubrey McClendon, who died in a car accident in March...read more