Hudson Executive Investment Corp. (HECCU), announced the pricing of their upsized $360 million SPAC IPO this morning and the units are expected to begin trading today, Tuesday, June 9th, under the symbol Nasdaq: HECCU.
Hudson Executive Investment Corp. intends to pursue companies in the fintech or healthcare sectors and will be led by CEO Douglas Bergeron, a Managing Partner of HEC and former CEO of Verifone, and Chairman Douglas Braunstein, founder and Managing Partner of HEC and former CFO of J.P. Morgan.
Total SPAC deal count for 2020 year-to-date is now 31 with $9.84 billion in gross proceeds raised. The offering is anticipated to close on Thursday, June 11, 2020.
Citigroup Global Markets Inc. and J.P. Morgan Securities LLC acted as joint book-running managers for the offering. SVB Leerink acted as co-manager. Winston & Strawn LLP and Kirkland & Ellis LLP were Issuer’s Counsel and Underwriter’s Counsel, respectively. WithumSmith+Brown, PC, 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...