Springwater Special Situations Corp. (SWSSU) Prices $150M IPO


Springwater Special Situations Corp. (SWSSU) Prices $150M IPO

Aug 25, 2021 IPOs by Marlena Haddad

Springwater Special Situations Corp. announced the pricing of its $150 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “SWSSU” Thursday, August 26.

The new SPAC intends to focus its search on a sizeable and well-positioned business with operational improvement potential at an undervalued price. Springwater Special Situations is led by CEO Martin Gruschka, CFO Ignacio Casanova, and Secretary Angel Pendas.

Total SPAC deal count for 2021 year-to-date is now 414. This offering is expected to close on Monday, August 30.

EarlyBirdCapital, Inc. is acting as the sole book-running manager for the offering and JonesTrading Institutional Services LLC is acting as co-manager for the offering. Graubard Miller is serving as Issuer’s Counsel with Ellenoff Grossman & Schole LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.