Avalon Acquisition Inc.
Status: Deal Closed
U=S+(3/4)W
W=S@11.5
| IPO Proceeds, $M | $207.00M |
|---|---|
| IPO Date | Oct 6, 2021 |
| CEO | S. Craig Cognetti |
| Left Lead | Maxim |
| IPO Cash in Trust | 101.5% |
| SPAC Tenor | 15 + 3 + 3 |
| IPO Sector |
Financial
Financial services sectors that are undergoing radical change as a result of demographic shifts, changing consumer preferences, technological disruption and other innovative forces. |
| IPO Geography | Global |
| Target Company | The Beneficient Company |
| Deal Announced | Sep 21, 2022 |
| Deal Size, $M | $3,520.72M |
| Deal Sector | Financial |
| Deal Geography | Global |
| SEC Filings | www.sec.gov |
| Approval Vote | Jun 6, 2023 |
| Amendment Vote | TBD |
| Closing Date | Jun 7, 2023 |
Formerly AVAC
BENF
BENFW
| Price | $0.82 $0.01 |
|---|---|
| Last closing price | $0.91 |
| H/L, today | $0.72 / $0.88 |
| H/L, 52-week | $0.58 / $16.50 |
| Volume, today | 913,237 |
| Volume, 3-month avg. | N/A |
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- Structure and cap table
- 7 directors & officers
- 28 filings and events
- 1 underwriters
- 2 deal advisors
- 2 legal advisors
Structure
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Team
| Name | Age | Title |
|---|---|---|
| Donald H. Putnam | 69 | Executive Chairman |
| S. Craig Cognetti | 48 | Chief Executive Officer |
| John Griff | 65 | President |
| R. Rachel Hsu | 49 | Chief Financial Officer |
| John L. Klinck Jr | 57 | Director |
| Douglas C. Mangini | 60 | Director |
| Stuart H. Bohart | Director |
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Advisors
Underwriters
| Maxim | BR | 18,000,000 | units |
| 18,000,000 | units | ||
| Up-Front UW fee | 2.00 | % | |
| Deferred UW fee |
3.50 | % |
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Deal
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