Investcorp Europe Acquisition Corp I - IVCBU STOCK NEWS

OpSec Group, a leader in brand protection and intellectual property (IP) management, has reached a definitive agreement with Investcorp Europe Acquisition Corp I (IVCB) for a business combination, making OpSec a public entity. The projected pro forma revenue for the combined company is approximately $218 million for Fiscal 2023, with a pro forma enterprise value estimated at $426 million. The transaction is backed by a $50 million sponsor commitment and may yield $199 million in gross proceeds, which will support growth initiatives and expand OpSec's offerings. The boards of both companies have unanimously approved the deal, expected to close in the second half of 2023, subject to shareholder approval and regulatory conditions.

Investcorp Europe Acquisition Corp I (IVCBU) has successfully completed its initial public offering (IPO), raising $345 million by selling 34,500,000 units at $10.00 each. This IPO was upsized from an initial plan of 25,000,000 units. Each unit comprises one Class A ordinary share and half a redeemable warrant, with the whole warrant enabling the purchase of a share at $11.50. Trading commenced on NASDAQ on December 15, 2021. Citigroup and Credit Suisse served as joint book-running managers for the offering.

Investcorp Europe Acquisition Corp I (NASDAQ: IVCBU) has announced the pricing of its initial public offering (IPO) of 30 million units at $10.00 each, up from the initially planned 25 million units. Trading is set to begin on NASDAQ on December 15, 2021, with each unit consisting of one Class A ordinary share and one-half of a redeemable warrant. The offering is expected to close on December 17, 2021. Joint book-running managers for the offering are Citigroup and Credit Suisse, which hold an option to purchase an additional 4.5 million units to cover over-allotments.