HIGA.U News

2020’s SPAC mania is showing signs of fatigue. A record-shattering 168 blank check IPOs have raised $57 billion this year, more proceeds than the past 10 years combined. Another 64 SPACs are on file.  Yet in the past month, 14 SPACs have priced downsized...read more

Five IPOs and 17 SPACs went public this past week. While new filing activity has slowed as the election approaches, four IPOs and four SPACs submitted initial filings. Leading security software provider McAfee (MCFE) priced slightly below the midpoint to raise $740 million at a $9.4 billion market cap. Taken private by Intel in 2011, McAfee provides...read more

H.I.G. Acquisition, a blank check company formed by H.I.G. Capital, raised $325 million by offering 32.5 million units at $10. Each unit consists of one share of common stock and one-third of a warrant, exercisable at $11.50. The company originally planned to offer 45 million units before decreasing the unit offering last week. The company is led by ...read more

H.I.G. Acquisition, a blank check company formed by H.I.G. Capital, lowered the proposed deal size for its upcoming IPO on Thursday. The Miami, FL-based company now plans to raise $325 million by offering 32.5 million units at a price of $10. The company had previously filed to offer 45 million units at $10. Each unit still consists of one share of common stock and one-third of...read more