other material
confidence high
sentiment neutral
materiality 0.65
Snow Rothschild Acquisition Corp. completes $200M IPO and partial over-allotment
Snow Rothschild Acquisition Corp.
- IPO of 20M units at $10 each for gross proceeds of $200M; each unit consists of one Class A share and one-half warrant.
- Private placement of 2.25M warrants to sponsor at $1 each, raising $2.25M.
- Proceeds of $200M placed in trust account.
- On June 12, underwriters partially exercised over-allotment for additional 2.6M units, generating $26M gross proceeds.
- Audited balance sheet shows $201.4M total assets, $200M in trust, shareholders' deficit of $10.8M.