Genesis Park Acquisition Corp. (GNPK.U) Prices $150M IPO


Genesis Park Acquisition Corp. (GNPK.U) Prices $150M IPO

Genesis Park Acquisition Corp. announced the pricing of its $150 million IPO  this evening and its units are expected to begin trading on the NYSE under the symbol “GNPK.U” tomorrow, Tuesday, November 24.

The new company aims to combine with a target in the aerospace or aviation services industries valued at $500 million to $1 billion. Genesis Park is led by Chairman David N. Siegel alongside CEO and Director Paul W. Hobby, President, CFO and Director Jonathan E. Baliff, and Executive VP David Bilger.

Total SPAC deal count for 2020 year-to-date is now 196 with $68.3 billion in gross proceeds raised. This offering is expected to close on Friday, November 27.

Jefferies, LLC is acting as the sole book-running manager for the offering. Willkie Farr & Gallagher LLP is serving as Issuer’s Counsel with White & Case LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.