Motion Acquisition Corp. announced the pricing of its $115 million IPO this morning and its units are expected to begin trading on the Nasdaq under the symbol “MOTNU” today, Thursday, October 15.
The new company aims to combine with a middle market company providing enterprise software solutions to clients in the transportation industry. Motion is led by Chairman James M. Travers, CEO and Director Michael Burdiek, CFO and Secretary Richard Vitelle, and EVP of Corporate Development Garo Sarkissian.
Total SPAC deal count for 2020 year-to-date is now 140 with $54.28 billion in gross proceeds raised. This offering is expected to close on Monday, October 19.
Barclays is acting as the sole book running manager for the offering. Graubard Miller is serving as Issuer’s Counsel with Greenberg Traurig PA serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.
Latest SPAC Liquidations: 26 Capital Acquisition Corp. 26 Capital Acquisition Corp.(ADER) to Liquidate on September 21, 2023 26 Capital Acquisition Corp. (Nasdaq: ADER), today announced that it will be unable to complete an initial business combination within the time period required due to the Delaware Court of Chancery’s decision denying 26 Capital’s request for an order...
LatAmGrowth SPAC (NASDAQ:LATG) announced in an 8-K that it adjourned its special meeting yesterday to liquidate early and will reconvene it at 2 pm ET September 28. The proposals on its ballot would have initiated the process of winding down the SPAC and returning all trust capital to investors outside of $100,000 for dissolution expenses....
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. JSE reviewing listing requirements with aim to simplify them The Johannesburg Stock Exchange will be reviewing all its listings requirements with the objective of further simplifying its requirements, as part of its ongoing efforts to create an...
Nabors Energy Transition Corp. (NYSE:NETC) announced this morning that Vast has added an equity commitment of up to $10 million to its combination with concentrated solar power producer Vast. The new commitment comes at $10.20 per share from the Canberra Airport Group and half of it is to come up front at close. A further...
M3-Brigade III (NYSE:MBSC) announced this morning that it has closed its combination with Canadian energy producer Greenfire and the combined company is expected to trade on the NYSE under the symbol “GFR” later today. Concurrent with close, Greenfire also issued $300 million in new senior secured notes at a 2% discount, priced at $980 per...