Tailwind Acquisition Corp (TWND.U) Prices $300M IPO
Tailwind Acquisition Corp. announced the pricing of its $300 million IPO tonight and the units are expected to begin trading on the NYSE under the symbol “TWND.U” tomorrow, Friday, September 4th.
The new SPAC intends to combine with a disruptive direct-to-consumer brand and will be led by CEO and Director Chris Hollod along with CFO and Director Matt Eby. Philip Krim serves as Chairman of the Board.
Total SPAC deal count for 2020 year-to-date is now 86 with $34.3 billion in gross proceeds raised. This offering is expected to close on Wednesday, September 9, 2020.
Jefferies LLC is acting as the sole book-running manager for the offering. Kirkland & Ellis LLP serve as Issuer’s Counsel with White & Case LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC, serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.