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KWAC.U News

Financials SPAC Kingswood Acquisition prices $100 million IPO at $10

KWAC.U

Kingswood Acquisition, a blank check company formed by Kingswood targeting the financial services industry, raised $100 million by offering 10 million units at $10. Each unit consists of one share of common stock and three-quarters of a warrant, exercisable at $11.50. The company is led by Executive Chairman Gary Wilder, who has served as Group CEO of...read more

Kingswood's financials-focused SPAC Kingswood Acquisition lowers deal size by an additional 20% ahead of $100 million IPO

KWAC.U

Kingswood Acquisition, a blank check company formed by Kingswood targeting the financial services industry, lowered the proposed deal size a second time for its upcoming IPO on Thursday. The New York, NY-based company now plans to raise $100 million by offering 10 million units at a price of $10. The company had originally filed to offer 15 million units at the same price,...read more

Blank check investors grow more selective amid SPAC boom

CTACU

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

Kingswood's financials SPAC Kingswood Acquisition lowers deal size by 17% ahead of $125 million IPO

KWAC.U

Kingswood Acquisition, a blank check company formed by Kingswood targeting the financial services industry, lowered the proposed deal size for its upcoming IPO on Friday. The New York, NY-based company now plans to raise $125 million by offering 12.5 million units at $10. The company had previously filed to offer 15 million units at the same price. Each unit now consists...read more