Initial public offerings scheduled to debut next week
May 7, 2021
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NEW YORK (AP) The following is a list of initial public offerings planned for the coming week. Sources include IPO ETF manager Renaissance Capital, and SEC filings.
Week of May 10
B. Riley Principal 250 - New York, 15 million shares, priced at $10, managed by B. Riley Securities. Proposed Nasdaq symbol BRIVU. Business: Fourth blanc check company formed by diversified financial services firm B. Riley Financial.
Data Knights Acquisition - Chessington, United Kingdom, 10 million shares, priced at $10, managed by Kingswood Capital Markets. Proposed Nasdaq symbol DKDCU. Business: Blank check company focusing on the data centers and internet technology sectors.
SPAC Deal Pressure Building
Expect slow SPAC deal flow through May, but then get ready as deal pressure builds massively with peak SPAC IPOs aging quickly and facing fierce competition.
Author:
Apr 27, 2021
It was another quiet SPAC Monday yesterday and SPAC investors are still waiting for positive news to trigger some excitement. The
CCIV / Luicd surge (up +16% on Apple rumors) is a sideshow to the type of big tent event(s) that will be needed to re-ignite enthusiasm.
Investors will also not like seeing announced deals continue to have the air slowly leak out post deal announcements.
CM Life Sciences II (CMII - SomaLogic),
SPACs Could Use Some Good News
The SPAC market s correction is starting to feel very painful for those that bought during peak SPAC. The next deals and de-SPACs will be watched closely.
Author:
Apr 21, 2021
Tuesday was a painful day for the whole market, but SPAC investors were hit especially hard as there seemed nowhere to hide. 20 SPACs were down over 3%, RICE, THCB, STPK, RSVA, NGA, FSRV, CCIV, and STIC were all down over over 5.5%, and
there are now 244 pre-deal SPACs trading under $10.
The average pre-deal SPAC is now trading at $9.91 which means that there is a lot of opportunity for the yield + optionality play. However, increasingly investors are hesitant to jump in given the feeling that the upside is more limited as deals aren t popping as they used to and both the post deal announcement and post de-SPAC periods are seeing the air let out of the price balloon quickly.
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NEW YORK, Feb. 18, 2021 /PRNewswire/ B. Riley Principal 150 Merger Corp. (the Company ), a special purpose acquisition company sponsored by an affiliate of B. Riley Financial, Inc. (Nasdaq: RILY), today announced the pricing of its initial public offering of 15,000,000 units at a price of $10.00 per unit. The units will be listed on the Nasdaq Capital Market ( Nasdaq ) and trade under the ticker symbol BRPMU beginning on February 19, 2021.
Each unit consists of one share of Class A common stock and one-third of one redeemable warrant, each whole warrant exercisable to purchase one share of Class A common stock at a price of $11.50 per share. After the securities comprising the units begin separate trading, the shares of Class A common stock and the warrants are expected to be listed on Nasdaq under the symbols BRPM and BRPMW, respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will