SAMAU News

Schultze Special Purpose Acquisition II, the second blank check company formed by distressed debt investor George Schultze, raised $150 million by offering 15 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable $11.50. Certain anchor investors had indicated on $149 million worth of units in the offering (99% of the deal)....read more

Schultze Special Purpose Acquisition II, the second blank check company formed by distressed debt investor George Schultze, lowered the proposed deal size for its upcoming IPO on Wednesday. The Rye Brook, NY-based company now plans to raise $150 million by offering 15 million units at $10. The company had previously filed to offer 20 million units at the same price. Each unit...read more

Schultze Special Purpose Acquisition II, the second blank check company formed by distressed debt investor George Schultze, filed on Tuesday with the SEC to raise up to $200 million in an initial public offering. The Rye Brook, NY-based company plans to raise $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one-third of...read more

This past week the 2018 IPO market came to a close, as three IPOs and three SPACs raised a combined $1.6 billion. The three IPOs all had weak trading. Tencent Music Entertainment (TME) was the week's big deal, raising $1.1 billion, the year's fourth billion-dollar US IPO from a Chinese company. Spun out of Tencent, the music streaming provider has top...read more