spac GFX

GFX Golden Falcon Acquisition Corp. prices upsized $300M IPO


Announced the prices of its upsized $300 million IPO this evening and its units are anticipated to begin trading on the NYSE under the symbol “GFX.U” tomorrow, Friday, December 18.

The new company aims to combine with a TMT goal in America, Europe or Middle East using a strong transatlantic nexus. Golden Falcon is led by Chairman Scott J. Freidheim along with CEO and Director Makram Azar, CFO and Director Eli Muraidekh along with General Counsel and Secretary John M. Basnage de Beauval.

Total SPAC price depend for 2020 year-to-date is currently 240 with $80.6 billion in gross proceeds raised. This offering is expected to close on Tuesday, December 22.

UBS Securities LLC and Moelis & Company LLC are acting as joint book-running managers of the offering and EarlyBirdCapital, Inc. as lead manager for the offering. Greenberg Traurig is serving as Issuer’s Counsel with Graubard Miller LLP serving as Underwriter’s Counsel. Marcum LLP functions as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.

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