Deals

1347 Capital Corp Tops Up IPO with $1.8M PIPE

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1347 Capital Corporation (TFSC) announced that it has raised $1,800,000 in a Units (Common Stock + Warrants) transaction. The common stock was sold at $10.00 per share. A series of 90,000 60-Month Warrants with an exercise price of $11.50 per share were issued to the investors in this transaction. An additional series of 600,000 84-Month Warrants with an exercise price of $15.00 per share were issued to the investors in this transaction. Issuer counsel was McDermott, Will & Emery.

Markets

Committed Capital SPAC Raises $35M in IPO

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Committed Capital Acquisition Corp. (CCAQU)  has completed its IPO, raising $35 million. The SPAC sold an aggregate of 7,000,000 units at a price of $5.00 per unit. Each unit issued consisted of one share of common stock and one warrant to purchase one-half of one share of common stock at an exercise price of $5.00 per whole share. The company's units began trading on the OTCBB under the ticker symbol "CCAQU" on April 11, 2014

Broadband Capital Management acted as sole manager and representative of the underwriters of the offering.

Deals

Committed Capital SPAC Raises $5M Concurrent with IPO

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Committed Capital Acquisition Corporation II (CCAQU) announced that it has raised $5,000,000 in a Common Stock transaction. The common stock was sold at $5.00 per share. The Investors include officers of the Company and members of the board of directors. This Placement was conducted concurrently with the Company's Initial Public Offering. via PlacementTracker.

Markets

Hennessy SPAC Raises $115M in IPO

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Daniel J. Hennessy
Hennessy Capital Acquisition Corp. (HCACU) is the first SPAC of the year, successfully completing an IPO in late January that raised $115 million after underwriter Deutsche Bank exercised its over-allotment on the company’s initial $100 million public offering. The offering was structured as units offered at $10 each consisting of one share of the company's common stock and one warrant to purchase one half of one share of common stock at an exercise price of $5.75 per half share ($11.50 per full share). Deutsche Bank Securities acted as the sole book runner for the offering. The SPAC is led by Daniel J. Hennessy, a longtime partner of the Chicago-based private equity firm Code Hennessy and Simmons (CHS), where is the lead partner for industrial, infrastructure and energy investments.