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Capitol Investment Corp VI, the sixth special purpose acquisition company (SPAC) backed by Ein, said it would sell 20 million units, comprising shares and warrants, priced at $10 apiece in its IPO. (https://
The seventh blank-check firm, Capitol Investment Corp VII, said it would sell 40 million shares at the same price. (https://
Ein worked at Carlyle Group (NASDAQ:CG), Brentwood Associates and Goldman Sachs Group Inc (NYSE:GS) before setting out on his own as an investor.
His prior SPACs have invested in a range of firms including real estate investment trust Two Harbors (NYSE:TWO), specialty cruise operator Lindblad Expeditions and PR Newswire owner Cision and NESCO, a provider of specialty rental equipment.
A SPAC, a shell company that raises money in an IPO before later merging with a privately held company to take the latter public, has become many investors’ structure of choice over the past year.
Citigroup (NYSE:C) and Deutsche Bank (DE:DBKGn) Securities are underwriters on the lastest offerings.
