IFR US ECM Calendar
Pricings
Apogee Acquisition (Cayman Islands, SPAC) ─ $150m IPO. 15m units (Primary) at $10.00. ARC. Nasdaq “AACPU”. Each unit comprises one share, one warrant, and one-fifth right. Jeffery Smith. Enterprise software. 18 months. 100% in trust. Downsized from 25m units. Revised from one share and one-half warrant gearing on March 23.
Calendar
April 6: Atlas Energy Solutions (US, oilfield services) ─ $300m 5y cvt marketed at 0.5%-1%, up 27.5%-32.5%. JPM, BOFA, BARC. Capped call.
April 6: Mach Natural Resources (US, energy MLP) ─ $121.1m Block. 9m shares (Secondary) marketed at $13.05-$13.45 versus $14.15 last sale. MS. Affiliates of CEO Tom Ward indicating interest in purchasing $2m of shares sold in the offering. Vepu, Simlog and Sabinal Energy are the selling shareholders.
April 7: Legence (US, industrial) ─ $645.5m FO. 11m shares (Secondary) versus $58.68 at launch. GS, JEFF, BOFA. Blackstone Group is the selling shareholder.
April 15: Madison Air Solutions (US, industrial) ─ $2.23bn IPO. 82.7m shares (Primary) at $25-$27. GS, BARC, JEFF, WF. NYSE “MAIR”. Morgan Stanley Investment Management, Durable Capital and HRTG have indicated for $525m combined of offering. Founder Larry Geis purchasing $100m of Class B shares through concurrent private placement.