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Houlihan Lokey and Saddle Point's SPAC Advanced Merger Partners prices $250 million IPO

Mar 02, 2021 - Nasdaq

Advanced Merger Partners, a blank check company formed by Houlihan Lokey and Saddle Point Management, raised $250 million by offering 25 million units at $10. Each unit consists of one share of common stock and one-sixth of a warrant, exercisable at $11.50.

The company is led by Chairman John Mavredakis, who has been Senior Managing Director and Global Head of Houlihan's Financial Sponsors Group since 1981. He is joined by CEO and Director Roy Katzovicz, who founded Saddle Point in 2018 an...