Monterey Capital Acquisition Corp. priced its downsized $80 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “MCACU” Wednesday, May 11, 2022.
The new SPAC intends to combine with prospective targets focused on the clean transition economy with enterprise values of approximately $250 million to $1 billion. Monterey Capital is led by CEO and Chairman of the Board Bala Padmakumar, EVP Vivek Soni, and CFO Daniel Davis.
Total SPAC deal count for 2022 year-to-date is now 66. This offering is expected to close on Friday, May 13.
EF Hutton, a division of Benchmark Investments LLC, is acting as the sole book-running manager of the offering. Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. is serving as Issuer’s Counsel with Seward & Kissel LLP serving as Underwriter’s Counsel. Marcum, LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
Columbus Acquisition Corp. (NASDAQ:COLAU) announced the pricing of its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “COLAU”, Thursday, January 23, 2025. The new SPAC intends to conduct a broad search for a target company without a focus on any particular industry or geography. Columbus’ sponsor...
Silver Pegasus Acquisition Corp. (NASDAQ:SPEGU) has filed for a $150 million SPAC with Roth Capital Partners underwriting the offering. The new SPAC is laser-focused on finding a semiconductor or “systems solutions” target, which is an intriguing space given that the sector has been in the crosshairs of trade restrictions by nearly all countries involved. That...
At the SPAC of Dawn Space de-SPACs have been among the big winners from the market’s initial parsing of the Trump administration 2.0’s policy priorities, with Rocket Lab (NASDAQ:RKLB) gaining +30%, Redwire (NYSE:RDW) +51% and Intuitive Machines (NASDAQ:LUNR) +23.9%. Redwire got the double boost of Trump’s bullish words on space and also the announcement that...
Iron Horse Acquisitions Corp. II has filed for a $250 million SPAC with D. Boral Capital underwriting under its new name. D. Boral emerged in November from a messy dispute at the top of investment bank EF Hutton that was concluded with Joseph Rallo taking the EF Hutton trademark and departing the firm while David...
At the SPAC of Dawn This shortened trading week could be a rocky one as the market takes in the first wave of initiatives out of the new US administration and will have what are technically the first Trump 2.0 jobs numbers released on Thursday. It should be somewhat quieter for SPACs working through their...