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Navios Comes Full Circle
Less than 10 days after making its first public F-1 filing, SPAC Navios Maritime Acquisition Corporation successfully priced its 22,000,000 unit IPO at $10.00/unit to raise gross proceeds of $220 million. The deal timetable was ultimately compressed and the deal well oversubscribed by a mix of SPAC investors, shipping fundamental investors, and those who have been following Navios. Units had traded up a half a percent at close today to
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Tags: · Angeliki Frangou, Deutsche Bank, First Class Navigation, Frank Harris Shriver & Jacobson, International Shipping Enterprises, JP Morgan, Mintz Levin Cohn Ferris Glovsky, Navios Maritime Acquisition Corporation, Popeo and Fried, Reeder & Simpson, S. Goldman Advisors
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