05/05/2021
"A Change is Gonna Come...” not only a popular song lyric but a message from the SEC to SPAC mania. The SEC guidance around warrants and comments around safe harbor have created a significant pause in SPAC activity with only 13 SPACs pricing in April, an 88% decrease from last month's count of 109. Corrections and adjustments are needed to remain viable, and many predict SPAC formations will reset to a brisk, but less manic pace in the future."
Craig Clay, President, Donnelley Financial Solutions
Congratulations to the 50 April issuers who raised over $16 billion and their advisors on the successful completion of their IPO. DFIN was proud to have supported:
- Agiliti
- agilon health
- Alkami Technology
- Applovin
- Aveanna Healthcare
- Big Sky Growth Partners
- Biomea Fusion
- Compass
- Endeavor Group
- Frontier Group
- Impel NeuroPharma
- Privia Health Group
- Rain Therapeutics
- Recursion Pharmaceuticals
- Reneo Pharmaceuticals
- SkyWater Technology
- Tio Tech A
- Treace Medical Concepts
- TuSimple
- UiPath
- Werewolf Therapeutics