HERAU News

SPACs became a casualty of the broader market sell-off on Thursday, as six of the day's nine SPACs finished below issue. Before last week, the SPAC market had gone two months without a deal going negative on its first day, a stretch of 200+ SPACs. The six included HERAU, AURCU, ACAHU, PSAGU, RXRAU, TRCA.U, the worst of which closed 1.5% below issue. The two deals...read more

FTAC Hera Acquisition, a blank check company formed by SPAC veterans Betsy and Daniel Cohen targeting fintech, raised $800 million by offering 80 million units at $10. The company offered 5 million more units than anticipated. Each unit consists of one share of common stock and one-fourth of a warrant, exercisable at $11.50. Millennium Management intends to purchase up to 8.8% of...read more

The IPO market had its busiest week yet this year with 14 IPOs raising $3.9 billion and 27 SPACs raising $9.2 billion. The IPO pipeline remained active as well, with 3 IPOs and 38 SPACs submitting initial filings. TELUS International (TIXT) upsized and priced at the high end to raise $925 million at a $6.6 billion market cap. The company provides outsourced...read more

FTAC Hera Acquisition, blank check company formed by SPAC veterans Betsy and Daniel Cohen targeting fintech, filed on Monday with the SEC to raise up to $750 million in an initial public offering. The Philadelphia, PA-based company plans to raise $750 million by offering 75 million units at $10. Each unit consists of one share of common stock and one-fourth of a warrant,...read more