GS Acquisition Holdings Corp. II (GSAH.U), announced the pricing of their $700 million SPAC IPO this morning and the units are expected to begin trading today, Tuesday, June 30th, under the symbol NYSE: GSAH.U.
GS Acquisition Holdings II, is sponsored by GS Sponsor II LLC, an affiliate of The Goldman Sachs Group, Inc. GSAH II has a broad mandate to seek a target in any industry and will be led by Tom Knott, as Chief Executive Offer. Mr. Knott is a Managing Director at Goldman Sachs and is Head of GSAM’s Permanent Capital Strategies team. He is joined by Raanan A. Agus as Chairman. Mr. Agus is the Global Co-Head and Co-Chief Investment Officer of the AIMS group in GSAM.
Total SPAC deal count for 2020 year-to-date is now 36 with $11.7 billion in gross proceeds raised. The offering is anticipated to close on Wednesday, July 1, 2020.
Goldman Sachs & Co. LLC and Citigroup Global Markets Inc. are acting as joint book-running managers for the offering. Skadden, Arps, Slate, Meagher & Flom LLP and Ropes & Gray LLP, acted as Issuer’s Counsel and Underwriter’s Counsel, respectively. PricewaterhouseCoopers LLP acted as auditor.
Forest Road II (NYSE:FRXB) and 10X Capital Venture III (NYSE:VCXB) both announced this afternoon that they have mutually terminated their business combinations. Forest Road II intended to combine with transportation technology developer HyperloopTT, but the parties decided to nix the deal due to timing constraints along with unfavorable market conditions. Tom Staggs and Kevin Mayer, Co-CEOs and...
Intelligent Medicine Acquisition Corp. (NASDAQ:IQMD) and AMCI Acquisition Corp. II (Nasdaq: AMCI) announced this afternoon that they have adjourned their special meetings with shareholders. Intelligent Medicine originally scheduled its meeting to be held today, but is now postponing its vote until Wednesday, February 8. Stockholders may elect to redeem their shares by no later than...
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: Comcast dumps 18.5% of its BuzzFeed stock Comcast Dumps 6 Million Shares of Buzzfeed After Media Company Finally Gets a Bump Comcast dumped 18.5% of its BuzzFeed (NASDAQ:BZFD) stock in recent days, reducing its...
Viveon Health (NYSE:VHAQ) announced this morning that it is unilaterally terminating its combination with Suneva Medical “based upon material breaches” of the merger agreement. The SPAC did not elaborate further on its claims against Suneva, but noted it will continue on and seek a new business combination. Just last week, Viveon Health was working to...
FAST II (NYSE:FZT) announced this morning that it has amended its combination with resort operator Falcon’s Beyond, shifting more value from both sides into earn-outs. The deal’s $1 billion enterprise value technically remains, but Falcon’s Beyond shareholders will receive less equity at close. The valuation is now made up of a $620 million enterprise value...