KORE 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

Cerberus Telecom Acquisition, a blank check company formed by Cerberus Capital Management targeting the ICT industry, raised $250 million by offering 25 million units at $10. The company offered 5 million fewer units than anticipated. 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 40 million...read more

Cerberus Telecom Acquisition, a blank check company formed by Cerberus Capital Management targeting the ICT industry, lowered the proposed deal size for its upcoming IPO on Monday. The New York, NY-based company now plans to raise $300 million by offering 30 million units at a price of $10. The company had previously filed to offer 40 million units at the same price. Each unit...read more

Cerberus Telecom Acquisition, a blank check company formed by Cerberus Capital Management, filed on Friday with the SEC to raise up to $400 million in an initial public offering. The New York, NY-based company plans to raise $400 million by offering 40 million units at $10. Each unit consists of one share of common stock and one-fourth of a warrant, exercisable at...read more