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Falcon Capital Acquisition Corp. (FCACU) Prices $300M IPO


Falcon Capital Acquisition Corp. (FCACU) Prices $300M IPO

Falcon Capital Acquisition Corp. announced the pricing of its $300 million IPO this evening and its units are expected to trade on the Nasdaq under the symbol “FCACU” tomorrow, Tuesday, September 22nd.

This new company aims to combine with a target in the digital media, consumer technology, interactive entertainment, and related industries. Falcon Capital is led by CEO and Chairman Alan G. Mnuchin and CFO Saif Rahman.

Total SPAC deal count for 2020 year-to-date is now 105 with $40.7 billion in gross proceeds raised. This offering is expected to close on Thursday, September 24.

Goldman Sachs & Co. LLC is serving as sole bookrunning manager of the offering. White & Case LLP serve as Issuer’s Counsel with Ropes & Gray LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC, serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.