The new SPAC intends to combine with a private company providing national security or intelligence services to the US government. It is led by co-founder Chairman and CEO Robert A. Coleman and co-founder, EVP, CFO and Corporate Secretary Jack Pearlstein.
Total SPAC deal count for 2020 year-to-date is now 89 with $35.5 billion in gross proceeds raised. This offering is expected to close on Monday, September 14, 2020.
Credit Suisse Securities (USA) LLC is acting as the sole book-running manager for the offering. Venable LLP serve as Issuer’s Counsel with Shearman & Sterling LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. American Stock Transfer & Trust Company LLC is acting as trustee.