SilverBox Engaged Merger Corp I (SBEAU) Prices $300M IPO


SilverBox Engaged Merger Corp I (SBEAU) Prices $300M IPO

SilverBox Engaged Merger Corp I announced the pricing of its $300 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “SBEAU,” Friday, February 26.

The new company aims to combine with a target valued over $1 billion with either recurring revenue or strong free cash flow. SilverBox I is led by Executive Chairman Joseph Reece, CEO Stephen Kadenacy, CIO Duncan Murdoch, COO Jin Chun, and CFO David Esters.

Total SPAC deal count for 2021 year-to-date is now 177. This offering is expected to close on Tuesday, March 2.

Citigroup Global Markets Inc. and Deutsche Bank Securities Inc., are acting as joint book-running managers.  Ellenoff Grossman & Schole LLP is serving as Issuer’s Counsel with Shearman & Sterling LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.