SpacDeskFour SPACs Price IPOs; West Enclave Leads at $116M
Four SPACs priced IPOs on April 30, with West Enclave Merger Corp. raising $116M to lead the day's activity and Mountain Crest Acquisition 6 Corp. raising $69M.
IPO Pricings
West Enclave Merger Corp. (WENC-UN) priced its IPO at $116M on April 30, anchoring a four-SPAC issuance day. Mountain Crest Acquisition 6 Corp. (MCAHU), sponsored by Mountain Crest Holdings, raised $69M concurrently, combining for $185M in disclosed capital between the day's two largest offerings.
ARC Group Acquisition I Corp. (ARCLU), backed by MFH 2, LLC, and General Catalyst Global Resilience Merger Corp. (GCGRU), sponsored by GCGR Sponsor LLC, also priced on the trading day. Sizing was not disclosed for either vehicle.
The four IPOs represent pricings across distinct sponsor platforms and franchises. West Enclave's $116M and Mountain Crest's $69M comprised the day's publicly quantified capital totals. All four vehicles completed IPO pricings in a single trading session, marking a multi-sponsor issuance day in the blank-check formation market.