IFR US ECM PRICINGS
1RT Acquisition (Cayman Islands, SPAC) ─ $150m IPO. 15m units (Primary) at $10.00. Each unit comprises one share and one-quarter warrant. CANT. Nasdaq “ONCHU”. 1RoundTable Partners. Crypto. 24 months. 100% in trust.
AeroVironment (US, aerospace & defense) ─ $875m FO. 3.5m shares (Primary) at $248.00 versus $252.40 last sale and $284.95 at launch. JPM, BOFA, RJ, RBC, WBLR, BAIRD, BNPP. Upsized from $750m. Concurrent $650m five-year convertible bond offering. Wall cross.
AeroVironment (US, aerospace & defense) ─ $650m 5y cvt at 0%, up 30% versus 0%-0.5% and 25%-30% marketing. JPM, BOFA, RJ, RBC, WBLR, BAIRD, BNPP. Upsized from $600m. Concurrent $875m follow-on offering. Wall cross.
ArriVent BioPharma (US, biotech) ─ $75m ABB. 3.85m shares (Primary) at $19.50 versus $19.50-$20.00 marketing and $20.89 last sale. GS, CITI, GUGG. Wall cross. Includes pre-funded warrants.
CoastalSouth Bancshares (US, community bank) ─ $44m IPO. 2.04m shares (Primary, Secondary) at $21.50 versus $21.50-$23.50 marketing . PS, STPH. NYSE “COSO”. Uplisting from OTC . Downsized from 2.6m shares.
DeFi Development (US, crypto) ─ $112.5m 5y cvt at 5.5%, up 10% versus 5%-5.5% and 10%-15% marketing. CANT. Upsized from $100m. Concurrent $75.6m prepaid forward by investors to facilitate delta hedging. Wall cross.
EQV Ventures Acquistion II (Cayman Islands, SPAC) ─ $420m IPO. 42m units (Primary) at $10.00. Each unit comprises one share and one-third warrant. BTIG. NYSE “EVACU”. Upsized from $350m. EQV Group. Oil & gas. 24 months. 100% in trust.
Origin Investment I (Cayman Islands, SPAC) ─ $60m IPO. 6m units (Primary) at $10.00. Each unit comprises one share and one-half warrant. THNK. Nasdaq “”. Origin Equity. Targets in Asia (ex-China). 21 months. 101% in trust.
Vendome Acquisition I (Cayman Islands, SPAC) ─ $200m IPO. 20m units (Primary) at $10.00. Each unit comprises one share and one-half warrant. DBORAL. Nasdaq “VNMEU”. Upsized from $150m. Paul Kessler, Diana Derycz-Kessler. Not defined. 24 months. 100% in trust.