JAWS Hurricane Acquisition Corp. (HCNEU) Prices Upsized $275M IPO


JAWS Hurricane Acquisition Corp. (HCNEU) Prices Upsized $275M IPO

Jun 11, 2021 IPOs by Marlena Haddad

JAWS Hurricane Group Acquisition Corp. announced the pricing of its upsized $275 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “HCNEU” Friday, June 11.

The new SPAC aims to combine with a North American consumer or technology target that is growth-oriented. JAWS Hurricane is led by Chairman Berry Sternlicht, CEO Matthew Walters, and CFO Michael Racich.

Total SPAC deal count for 2021 year-to-date is now 339. This offering is expected to close on Tuesday, June 15.

Credit Suisse and J.P. Morgan are acting as the joint book-running manager of the offering. Kirkland & Ellis LLP is serving as Issuer’s Counsel with Skadden, Arps, Slate, Meagher, and Flom LLP serving as Underwriter’s Counsel.  WithumSmith+Brown, PC serves as auditor.  Continental Stock Transfer & Trust Company is acting as trustee.