Seaport Calibre Materials Acquisition’s IPO

Baker Botts advised Seaport Global Securities on the deal.

Seaport Calibre Materials Acquisition Corp. announced the pricing of its initial public offering of 13,000,000 units at a price of $10.00 per unit. The units are listed for trading on the Nasdaq Global Market under the ticker symbol “SCMAU” beginning today. Each unit consists of one share of the Company’s Class A common stock and one-half of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one share of Class A common stock at a price of $11.50 per share.

Seaport Calibre Materials Acquisition, a special purpose acquisition company (“SPAC”), intends to seek an initial business combination with a target in the steel, metals and metal processing sector given its officers’ and directors’ significant experience in that sector.

Seaport Global Securities LLC is acting as sole book-running manager. The Company has granted the underwriters a 45-day option to purchase up to 1,950,000 additional units at the initial public offering price to cover over-allotments, if any.

The Baker Botts team included: Travis Wofford (Partner, Houston, Picture), Doug Getten (Partner, Houston); William Cozzens (Associate, Houston) and Parker Hinman (Associate, Houston), Michael Bresson (Partner, Houston) and Jared Meier (Senior Associate, Houston).

 

Involved fees earner: Michael Bresson – Baker Botts LLP; William Cozzens – Baker Botts LLP; Parker Hinman – Baker Botts LLP; Jared Meier – Baker Botts LLP; Travis Wofford – Baker Botts LLP; Doug Getten – Paul Hastings LLP;

Law Firms: Baker Botts LLP; Paul Hastings LLP;

Clients: Seaport Global Securities, LLC;

Martina Bellini

Author: Martina Bellini