C5 Acquisition Corp. (CXAC.U) Prices $250M IPO


C5 Acquisition Corp. (CXAC.U) Prices $250M IPO

C5 Acquisition Corp. announced the pricing of its $250 million IPO and its units are expected to begin trading on the NYSE under the symbol “CXAC.U” Friday, January 7.

The new SPAC intends to focus on businesses at the leading edge of national security innovation in three key sectors: Space, Cybersecurity, and Energy Transition. C5 is led by CEO Robert Meyerson, former president of Blue Origin. Steve Demetriou, Chair and CEO of Jacobs Engineering (NYSE:J), will be the company’s Non-Executive Chair of the Board of Directors.

Total SPAC deal count for 2022 year-to-date is now 3. This offering is expected to close on Tuesday, January 11.

Cantor Fitzgerald & Co. and Moelis & Company LLC are acting as the joint book-running managers of the offering. Paul, Weiss, Rifkind, Wharton & Garrison LLP 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.