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.

Video Articles

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

Snowline Gold: The Multi Billion Dollar Valley PEA

Euro Sun: Rovina Copper-Gold Project Secures Some Major Funding

Recommended

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

ESGold To Expand Mine Building At Montauban In Advance Of Gold & Silver Production

Related News

SPAC Patria Latin American Opportunity Acquisition Prices US$200 Million IPO

Special purpose acquisition company Patria Latin American Opportunity Acquisition Corp. (Nasdaq: PLAOU) started trading publicly...

Thursday, March 10, 2022, 02:21:00 PM

Electric Vehicle Maker Phoenix Motor Prices US$15.75 Million IPO

Following through its previously announced IPO plan, electric vehicle maker Phoenix Motor Inc. (Nasdaq: PEV)...

Friday, June 10, 2022, 02:19:00 PM

Financial Website NerdWallet Prices US$130.5 Million IPO

Personal finance firm NerdWallet, Inc. (Nasdaq: NRDS) started publicly trading on the Nasdaq Global Market...

Thursday, November 4, 2021, 02:19:00 PM

Chinese Investment Firm-Backed Tech SPAC Keyarch Acquisition Prices US$100 Million IPO

Special purpose acquisition company Keyarch Acquisition Corporation (Nasdaq: KYCHU) started trading its securities on the...

Tuesday, January 25, 2022, 02:22:00 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