SilverBox III registered to offer 10 million units at $10 each. A unit consists of one share of Class A common stock and one-third of a warrant, with whole warrants redeemable at $11.50 for a share.
Sponsored by Austin-based SilverBox Capital, the SPAC will target businesses with an aggregate value of $750 million or more.
Executive Chairman Stephen M. Kadenacy is a co-founder and co-managing partner of SilverBox Capital. He has been serving as the chairman of Centerline logistics, a marine oil transportation services firm and ship assist company, since July 2019. Mr. Kadenacy also served as the CEO of SBEA until its business combination with BRCC in February 2022 and served as chairman and CEO of Boxwood Merger until its business combination and remained on the board of directors of the combined company, Atlas Technical Consultants, until April 2020.
CEO Joseph E. Reece is a co-founder and a co-managing partner of SilverBox Capital. Previously, he founded Helena Capital, a merchant bank and a predecessor company of SilverBox.
The SPAC intends to apply for a NYSE listing under the symbol SBXC.U. Credit Suisse is sole book runner. Read more.
Source: SilverBox III Files for 0M IPO