LGL Systems Acquisition Corp. (DFNSU) Prices UpSized $150M SPAC IPO

LGL Systems Acquisition Corp. (DFNSU), announced the pricing of their upsized $150 million SPAC IPO this morning and the units are expected to begin trading today, Thursday, November 7th, under the symbol NASDAQ: DFNSU.

LGL Systems will be focusing on companies in the aerospace, defense and communications industries and will be led by Marc Gabelli, as Chairman and Chief Executive Officer.

Total SPAC deal count for 2019 year-to-date is now 48 with $11.35 billion in gross proceeds raised. The offering is anticipated to close on Tuesday, November 12, 2019.

Congratulations to all.

Jefferies acted as sole book-running manager for the offering and BTIG acted as lead manager.  Graubard Miller & Winston & Strawn LLP were Issuer’s Counsel and Underwriter’s Counsel, respectively.