12 New SPACs Filed Offerings On Friday: What Investors Should Know

12 New SPACs Filed Offerings On Friday: What Investors Should Know

A record 12 new SPACs filed offerings on Friday, Dec. 18. Here is a summary of the new offerings and what investors can expect.

Poema Global Holdings Corp: This SPAC intends to raise $287.5 million with units that include one common share and one-half of a warrant. The company is targeting the technology sector in Europe and Asia.

The team includes Emmanuel DeSousa, who has over 20 years advising tech companies like Ozon Holdings OZONeBay Inc EBAYAlibaba Group BABA, and MercadoLibre MELI.

Shares will trade on the Nasdaq as PPGH.

Switchback II Corp: The second SPAC from the team behind Switchback Energy Acquisition Corporation SBE plans to raise $250 million with units that will include one-fifth of a warrant.

The company will focus on energy technology with a target company that can help reduce emissions. The first SPAC from the team is bringing ChargePoint, a charging infrastructure company, public. Shares of the new SPAC will trade on the NYSE as SWBK.

Star Peak Corp II: The second SPAC from the team behind Star Peak Energy Transition STPK is seeking a target company in the sustainability and global emission reductions market. The team has experience leading companies like Kinder Morgan Inc KMI and Sunnova Energy NOVA.

The SPAC is seeking to raise $350 million. Units will include one-fourth of a warrant. Shares will trade on the NYSE as STPC.

Ivanhoe Capital Acquisition Corp: Robert Friedland, founder, and Chairman of Ivanhoe Capital and Co-Chair of Ivanhoe Mines IVPAF is seeking to raise $200 million with this SPAC that will trade as IVAN on the NYSE. Units will include one-third of a warrant.

The company is targeting a company in the electrification market that could be a mining company, electric vehicle, battery or energy storage company.

Crucible Acquisition Corp: Targeting software technology companies, this SPAC is seeking to raise $200 million with warrants that will include one-third of a warrant. Shares will trade as CRU on the NYSE.

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