Throughout the first quarter of 2022, EF Hutton has raised more than $800 million in gross proceeds as sole bookrunner on eight SPAC IPOs, leading the market in total SPAC IPO issuance, the firm said in a news release. Since its inception in May 2020, EF Hutton has raised more than $4.5 billion in gross proceeds across 39 total SPAC IPOs.
In addition, EF Hutton was involved in two de-SPACs: Northern Lights Acquisition’s merger with Safe Harbor Financial and Pono Capital’s merger with Benuvia, together representing more than $750 million in De-SPAC transaction value. Read more.
