CIIG Merger Corp. (CIICU) Prices $225M SPAC IPO

CIIG Merger Corp. (CIICU), announced the pricing of their $225 million SPAC IPO this evening and the units are expected to begin trading tomorrow, Friday, December 13th, under the symbol NASDAQ: CIICU.

CIIG Merger Corp. will be focusing on businesses in the technology, media and telecommunications (“TMT”) industries and will be led by F. Peter Cuneo, as CEO and Chairman, Michael Minnick, as Chief Investment Officer, and Gavin Cuneo, as Chief Operating Officer.

Total SPAC deal count for 2019 year-to-date is now 59 with $13.53 billion in gross proceeds raised. The offering is anticipated to close on Tuesday, December 17, 2019.

Congratulations to all.

UBS Investment Bank and Barclays acted as joint book-running managers for the offering.  Ellenoff Grossman & Schole LLP & Winston & Strawn LLP were Issuer’s Counsel and Underwriter’s Counsel, respectively.