Cascade Acquisition Corp. (CAS.U) Prices $200M IPO


Cascade Acquisition Corp. (CAS.U) Prices $200M IPO

Nov 19, 2020 INTEL by Kristi Marvin

Cascade Acquisition Corp. announced the pricing of its $200 million IPO this evening and its units are expected to begin trading on the NYSE under the symbol “CAS.U” tomorrow, Friday, November 20.

The new company aims to combine with a target in the financial services industry. Cascade is led by Chairman, Chief Executive Officer and Director Jay Levine and CEO and Chief Operating Officer and Chief Financial Officer Daniel Hirsch.

Total SPAC deal count for 2020 year-to-date is now 192 with $67.4 billion in gross proceeds raised. This offering is expected to close on Tuesday, November 24.

Credit Suisse Securities (USA) LLC. and Morgan Stanley & Co. LLC are acting as joint book-running managers for the offering. Keefe, Bruyette & Woods, Inc. is acting as lead manager for the offering. Ellenoff Grossman & Schole LLP is serving as Issuer’s Counsel with Skadden, Arps, Slate, Meagher & Flom LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.