Aequi Acquisition said its underwriters intend to fully exercise their over-allotment option today for the purchase of $30 million in stock. In addition, Aequi said it expects to close the sale of an additional 400,000 private placement warrants at $1.50 each, generating $600,000. Shares in the data-centric SPAC trade on the Nasdaq under “ARBGU”. Read more.
Related Posts
Op/Ed: The Return of Market ‘Silliness’ is Great for Ex-SPACs
To stave off disaster, newly listed startups are turning to an equity line of credit, or ELOC, which grants them the right — but not the obligation — to sell additional shares to a financial investor in return for hard cash.
Ackrell SPAC Partners I Sets Vote Date on Deadline Extension
The SPAC said this second extension would allow more time to complete the proposed deal with Blackstone Products.
B. Riley Registers Resale of 4M PIPE Shares
The SPAC said the PIPE shares will be sold in a private placement immediately prior to the closing of its business combination with Eos.
HPX Borrows $410K From Sponsor as it Works on Ambipar Deal
The business combination values Ambipar Response at an implied $581 million enterprise value and a pro forma equity value of approximately $798 million.