Corsair Partnering Corporation (CORS.U) Prices Downsized $250M IPO


Corsair Partnering Corporation (CORS.U) Prices Downsized $250M IPO

Jun 30, 2021 IPOs by Marlena Haddad

Corsair Partnering Corporation announced the pricing of its downsized $250 million IPO and its units are expected to begin trading on the New York Stock Exchange under the symbol “CORS.U” Thursday, July 1.

The new SPAC aims to combine with a market-leading financial or business services platform that has a rapidly scalable model. Corsair is led by CEO D.T. Ignacio Jayanti, President Jeremy S. Schein, and CFO Paul Cabral.

Total SPAC deal count for 2021 year-to-date is now 361. This offering is expected to close on Tuesday, July 6.

Evercore Group L.L.C. and BofA Securities, Inc. are acting as the book-running managers of the offering.  Davis Polk & Wardwell 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 is acting as trustee.