IFR US ECM Calendar
Priced
Proem Acquisition I (US, SPAC) ─ $130m IPO. 13m units (Primary) at $10.00. CLST. Nasdaq. “PAACU”. Each unit comprises one share and one-third warrant. Imran Khan. Global technology. 24 months. 100% in trust.
Calendar
February 11: Arko Petroleum (US, wholesale fuels) ─ $210m IPO. 10.5m shares (Primary) at $18-$20. UBS, RJ, STFL. Nasdaq “APC”. Spin off from ARKO. 5% DSP.
February 11: AST SpaceMobile (US, telecommunications) ─ $1bn 10y cvt marketed at 2.25% fixed, up 20% fixed. UBS, BARC, BOFA. Wall cross. Concurrent registered direct offering. Concurrently repurchasing remaining $50m principal of 4.25% CB due 2032 and up to $250m principal of $750m 2.375% CB due 2032.
February 11: Energy Vault (US, energy storage) ─ $125m 5y cvt marketed at 4.75%-5.25%, up 27.5%-32.5%. JEFF, CANT. Wall cross. Capped call.
February 11: Nektar Therapeutics (US, biotech) ─ $300m FO. Fixed size (Primary) versus $56.00 at launch. JEFF, TDC, PS.
February 11: Netstreit (US, REIT) ─ $168.5m ABB. 8.8m shares (Primary) marketed at $18.70-$19.26 versus $19.26 last sale. WF, BOFA. Structured as a forward sale.
February 12: Clear Street (US, financial services) ─ $1.05bn IPO. 23.8m shares (Primary) at $40-44. GS, BOFA, MS, UBS, CLST. Nasdaq “CLRS”. BlackRock has indicated for $200m of offering. 5% DSP.