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MultiPlan (Churchill Capital Corp III) Priced, NYSE: MPLN

Third blank check company founded by dealmaker and former Citi executive Michael Klein (completed 10/8/2020).

Industry: SPAC

First Day Return: +5.1%

Industry: SPAC

We are a newly incorporated blank check company. We may pursue an initial business combination in any business or industry but expect to focus on a target in an industry where we believe our management team and founder’s expertise will provide us with a competitive advantage. Our founder, Michael Klein, is also the founder and managing partner of M. Klein and Company, a global strategic advisory firm that provides its clients a variety of advice tailored to their objectives. Mr. Klein’s background in strategic advisory work was built during his 35 year career, including more than two decades at Citigroup its predecessors, during which he initiated and executed strategic advisory transactions. In 2018, Mr. Klein co-founded and became Chairman of Churchill Capital Corp (CCC), a special purpose acquisition company that completed a $690 million initial public offering in September 2018 and merged in May 2019 with Clarivate Analytics, a leading provider of comprehensive intellectual property and scientific information, analytical tools, and services. Investors in CCC’s IPO who held the stock and warrants through May 13, 2019, the closing date of the initial business combination, saw a total return of approximately 51% and a 1.5x multiple on their invested capital over the eight month hold period.
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IPO Data
IPO File Date 01/29/2020
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 100.0
Deal Size ($mm) $1,000
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 02/13/2020
Offer Price IPO Intelligence Only
Price Range IPO Intelligence Only
Offer Shares (mm) IPO Intelligence Only
Deal Size ($mm) $1,000
Lock-Up Date IPO Intelligence Only
Street Research IPO Intelligence Only
Underwriters
IPO Intelligence Only
Company Data
Headquarters New York, NY, United States
Founded 2019
Employees at IPO 2
Website www.churchillcapcorp.com

MultiPlan (Churchill Capital Corp III) (MPLN) Performance