3 Blank-Check Companies Tap Public Markets For $700M Total
By Tom Zanki (December 2, 2020, 11:05 PM EST) -- Three blank-check companies targeting industries ranging from technology to renewable energy went public Wednesday after completing initial public offerings that raised $700 million combined, becoming the latest issuers to join the blank-check craze of 2020.
Capitol Investment Corp. V led the way, raising $300 million, while Rodgers Silicon Valley Acquisition Corp. and Trepont Acquisition Corp I raised $200 million each.
Five law firms took part in the offerings. Davis Polk & Wardwell LLP steered two IPOs, advising Trepont and underwriters for Silicon Valley Acquisition, while four firms guided one IPO each.
Capitol Investment sold 30 million units at $10 each, hoping...
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