HEAU.RC News

The IPO market was quiet this past week with no IPOs, though three SPACs priced. Pipeline activity picked up slightly as two IPOs and three SPACs submitted initial filings. Typically companies wait to set terms until after the long Presidents’ Day weekend, once they have finalized full 2021 financials. However, rising volatility and market turmoil put a damper on post-holiday...read more

Heroic Empire Acquisition, a blank check company targeting the biotechnology or TMT industries, filed on Friday with the SEC to raise up to $75 million in an initial public offering. The company plans to raise $75 million by offering 7.5 million units at a price of $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50. At the proposed...read more