CF Finance Acquisition Corp. II (CFIIU) Prices $500M IPO

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Burgundy Technology (BTAQU) Downsizes to $300M

Aug 25, 2020 INTEL by Kristi Marvin

This afternoon, Burgundy Technology Acquisition Corp. (BTAQU), re-filed their S-1 amending their terms with a rare downsize to $300 million. It doesn’t happen often, but August has been a tough month for SPACs and investors have begun been pushing back on some SPACs

On top of changing the size of the offering from $400 million to $300 million, Burgundy has also shortened it’s timeline from 24 months to 18 months.  ...READ MORE

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