Friday, May 30, 2025

Latest

Wealth Management SPAC Everest Consolidator Acquisition Prices US$150 Million IPO

Special purpose acquisition company Everest Consolidator Acquisition Corporation (NYSE: MNTN.U) went public on Wednesday on the New York Stock Exchange. The company is seeking to raise US$150.0 million through its initial public offering.

The offering consists of 15.0 million company 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 to purchase one common share at US11.50 per share. The units will be trading under the symbol “MNTN.U” but once the securities are separated, the common shares and the purchase warrants will be trading on the big board under the symbols “MNTN” and “MNTN.WS”, respectively.

BofA Securities acts as the sole bookrunner for the offering. The company has granted the underwriters a 45-day over-allotment option to purchase additional 2.25 million company units at the same IPO price.

The offering is expected to close on November 29, 2021, subject to customary closing conditions.

The blank check firm is being sponsored by an affiliate of investment firm Belay Associates, whose chairman & CEO Adam Dooley also serves as the firm’s CEO. The company plans to target businesses that are focused in the wealth management industry.

Everest Consolidator Acquisition last traded at US$10.07 on the NYSE.


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.

Leave a Reply

Video Articles

How To Profit From $3300 Gold? An Inside Look At A Massive 300,000 Oz Project | Martino De Ciccio

We’re At The Start of a Great Silver Boom | Ross McElroy & Andy Bowering – Apollo Silver Corp

Equinox Gold Q1 Earnings: When Everything Goes Wrong

Recommended

ESGold Begins Concentration Tests Ahead Of First Production

Sterling Metals Hits 0.21% Copper Over 482.8 Metres In First Drilling At Soo Copper project

Related News

PropertyGuru Debuts On NYSE Through A US$1.61 Billion SPAC Merger

Malaysian proptech platform PropertyGuru (NYSE: PGRU) debuted today on the New York Stock Exchange as...

Friday, March 18, 2022, 02:24:00 PM

Even After Soaring in its Debut, President Trump’s Social Media SPAC DWAC Could be an Interesting Speculation

On October 20, former U.S. President Donald Trump, perhaps the most polarizing world figure in...

Friday, October 22, 2021, 03:52:00 PM

Cannabis-Focused Investment Firm Silver Spike Looks To Raise US$85.0 Million On Its Nasdaq IPO

Management investment firm Silver Spike Investment Corp. (Nasdaq: SSIC) announced on Friday the pricing of...

Monday, February 7, 2022, 02:25:00 PM

Green Energy SPAC ClimateRock Prices US$75 Million IPO

Special purpose acquisition company ClimateRock (Nasdaq: CLRCU) started trading publicly on the Nasdaq Global Market...

Friday, April 29, 2022, 02:22:00 PM

Biotech Firm AN2 Therapeutics Prices US$69 Million IPO

Biopharmaceutical company AN2 Therapeutics, Inc. (Nasdaq: ANTX) began trading on the Nasdaq Global Select Market...

Friday, March 25, 2022, 02:22:00 PM