other material
confidence high
sentiment neutral
materiality 0.50
Bain Capital GSS Investment Corp. completes $460M SPAC IPO and $9M private placement
Bain Capital GSS Investment Corp.
- IPO of 46,000,000 units at $10.00 each (includes full over-allotment of 6,000,000 units); gross proceeds $460M.
- Sponsor purchased 900,000 private placement units at $10.00/unit, raising $9M.
- Net proceeds of $460M deposited in trust account; will be used for initial business combination.
- Transaction costs: $7M cash underwriting fee, $16.1M deferred underwriting fee, $0.7M other costs.
- Company has 24 months (or 27 with letter of intent) to complete business combination or liquidate.