Saturday, July 12, 2025

Latest

Investment Firm-Backed SPAC Sound Point Acquisition I Prices Upsized US$225 Million IPO

Special purpose acquisition company Sound Point Acquisition Corp I (Nasdaq: SPCMU) started trading publicly on the Nasdaq Global Market today. The company is seeking to raise US$225 million in its initial public offering.

The offering consists of 22.5 million company units, upsize from the previous 20.0 million units, priced at US$10.00 per unit. Each unit is composed of one Class A common share and one-half of a purchase warrant. Each whole warrant is redeemable for one Class A common share at US$11.50 per share.

The company units trade on the Nasdaq big board under the symbol “SPCMU”. Once the securities separate, the company shares and warrants will trade under the ticker symbols “SPCM” and “SPCMW”, respectively.

The proposed offering is being managed by BofA Securities and J.P. Morgan as the joint bookrunners. The underwriters were granted a 45-day over-allotment option to purchase additional 3.375 million company units at the same IPO price.

The blank check company is sponsored by asset management firm Sound Point Capital Management, reportedly with US$29.9 billion assets under management. The investment firm’s founder and managing partner, Stephen Ketchum, also leads the SPAC as its chairman and CEO.

The firm said it intends “to concentrate its efforts in sectors where Sound Point Capital Management… maintains a deep level of relationships and experience.” On its website, the investment firm claims that it has a “particular expertise in credit strategies.”


Information for this briefing was found via Edgar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Mergers Set the Stage for Uranium’s Growth Cycle | Forum-Baselode Merger

The Goal is Gold Production as Soon as Possible! | Gordon Robb – ESGOLD Corp.

Snowline Gold: The Multi Billion Dollar Valley PEA

Recommended

First Majestic Produces 7.9 Silver Equivalent Ounces In Q2, Lifts Production Guidance

Antimony Resources Drills 4.17% Antimony Over 7.4 Metres At Bald Hill

Related News

Base Carbon Closes Reverse Takeover Deal, Looks At NEO Listing

Base Carbon Corp. announced on Friday the completion of the reverse takeover deal with 1287411...

Monday, February 28, 2022, 02:26:00 PM

Biopharmaceutical Firm DICE Therapeutics Prices Upsized US$204 Million IPO

Biopharmaceutical company DICE Therapeutics, Inc. (Nasdaq: DICE) started publicly trading on the Nasdaq Global Market...

Thursday, September 16, 2021, 11:08:00 AM

Ex-Sony Entertainment CEO-Led Gaming SPAC PowerUp Acquisition Prices Upsized US$250 Million IPO

Special purpose acquisition company PowerUp Acquisition Corp (Nasdaq: PWUPU) started trading publicly on the Nasdaq...

Friday, February 18, 2022, 02:26:00 PM

Cannabis-Focused Finance Company Altmore Capital Files For Nasdaq IPO

Specialty finance company Altmore BDC, Inc., also known as Altmore Capital, is looking to go...

Wednesday, February 9, 2022, 02:27:00 PM

Renewable Energy SPAC Enphys Acquisition Prices Upsized US$300 Million IPO

Blank check company Enphys Acquisition Corp. (Nasdaq: NFYS.U) went public today on the Nasdaq Global...

Wednesday, October 6, 2021, 02:26:00 PM