Monument Circle Acquisition Corp. (MONCU) Prices Upsized $218M IPO


Monument Circle Acquisition Corp. (MONCU) Prices Upsized $218M IPO

Monument Circle Acquisition Corp. announced the pricing of its upsized $218 million IPO this morning and its units are expected to begin trading on the Nasdaq under the symbol “MONCU” Thursday, January 14.

The new company aims to combine with a media, sports or entertainment business that is benefiting from disruptive trends in technology. Monument Circle is led by Chairman and CEO Jeffrey H. Smulyan and Presdient and COO Patrick Walsh alongside EVP, CFO and Treasurer Ryan A. Hornaday and EVP, General Counsel and Secretary J. Scott Enright.

Total SPAC deal count for 2021 year-to-date is now 43 with $11.6 billion in gross proceeds raised. This offering is expected to close on Tuesday, January 19.

Cantor Fitzgerald & Co. and Moelis & Company are serving as joint book-running managers for this offering. Paul Weiss, Rifkind, Wharton & Garrison LLP is serving as Issuer’s Counsel with Ellenoff Grossman & Schole LLP serving as Underwriter’s Counsel. WithumSmtih+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.