NewHold Investment Corp. III (NASDAQ:NHICU) announced the pricing of its $175 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “NHICU”, Friday, February 28, 2025.
The new SPAC aims to find a combination among the group of sectors it terms “Industry 4.0” including logistics, robotics, grid resiliency and environmental services.
The team is led by Chairman Thomas J. Sullivan, Executive Managers Charlie Baynes-Reid and Samy Hammad, Chief Executive Officer Kevin Charlton, and Chief Financial Officer Isobel Paola Schneck. Brian Mathis, Matt Yerbic, Phil Horlock, Scott Scharfman, and Suzy Teharian are to serve on its Board of Directors.
Total SPAC deal count for 2025 year-to-date is now 15. This offering is expected to close on Monday, March 3, 2025.
BTIG, LLC is acting as sole book-running manager for the offering. Loeb & Loeb LLP is serving as Issuer’s Counsel with Ellenoff, Grossman & Schole LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
Sizzle Acquisition Corp. II (NASDAQ: SZZLU) announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “SZZLU”, Wednesday, April 2, 2025. Sizzle II plans to search for a target in a range of industries and combine with an established business of scale poised...
In March 2025, SPAC activity remained largely in line with February, though notable shifts emerged across extensions, announced transactions, and completions. Extension activity remained steady, with a slight increase in the number of SPACs seeking additional time. However, later-stage extensions became more common, reflecting a maturing SPAC landscape. Announced transaction volume continued to be weak,...
Best SPAC I (NASDAQ:BSAAU) has filed for a $55 million SPAC with a search focus targeting consumer goods companies from its base in Hong Kong. Maxim is taking just 1.0% fees up front and will not take a deferred fee. This upfront fee will also apply only to proceeds in the offering from investors brought...
At the SPAC of Dawn Two new SPACs priced their IPOs yesterday, showing that SPACs at least are not entirely spooked by the markets continued downturn. Futures continue to be beet red heading into the second day of the week, particularly for the SPAC-favorite exchange Nasdaq. SPACs have the potential to shine in this environment,...
An In-Depth Look at SPAC Activity Through the First Quarter 2025 Below is a summary of the Q1-2025 SPAC market. If you’d like a pdf copy, you can access the link HERE. While SPAC IPO issuance has continued to climb modestly in Q1, it’s doing so at a more sustainable and disciplined pace compared to...