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Silver Spike Acquisition Corp. Prices $250M IPO


Silver Spike Acquisition Corp. Prices $250M IPO

Silver Spike Acquisition Corp. (SSPKU), announced the pricing of their $250 million SPAC IPO this evening. Silver Spike’s units are expected to begin trading Thursday, August 8th, under the symbol NASDAQ: SSPKU.

Silver Spike will focus on the Cannabis industry and will be led by Scott Gordon, as CEO and Chairman, and William Healy, as President and Director.

Total SPAC deal count for 2019 year-to-date is now 38 with $8.97 billion in gross proceeds raised. The offering is expected to close on August 12, 2019.

Congratulations to all.

Credit Suisse acted as sole book-running manager and I-Bankers Securities acted as co-manager of the offering. Davis Polk & Wardwell LLP and Skadden, Arps, Slate, Meagher & Flom LLP were Issuer’s Counsel and Underwriter’s Counsel, respectively.