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Sound Point Acquisition I Priced, Nasdaq: SPCMU

Blank check company formed by Sound Point targeting the credit markets (liquidated).

Industry: SPAC

Latest Trade: $10.66 0.00 (0.0%)

First Day Return: +0.5%

Return from IPO: +6.6%

Industry: SPAC

We are a newly organized blank check company. Our sponsor, Sound Point Acquisition Sponsor I, LLC, is an affiliate of Sound Point. Founded in 2008 by Stephen Ketchum, Sound Point is an alternative asset manager with approximately $29.9 billion in assets under management (“AUM”) as of November 30, 2021. Sound Point has deep investing expertise across various credit strategies, including performing credit, stressed and distressed investing, alternative lending, direct lending, structured products, specialty financing and commercial real estate. Private investors are able to access Sound Point’s strategies through its collateralized loan obligations (“CLOs”), commingled funds, drawdown vehicles and separately managed accounts. Sound Point is focused on preserving investor capital and delivering consistent and strong risk-adjusted returns with low volatility across market cycles. Founder and Chief Investment Officer, Stephen Ketchum, brings over 31 years of experience in credit investing, structuring and advisory and leads a team of over 65 investment professionals with deep experience in the credit markets.
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IPO Data
IPO File Date 01/26/2022
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 22.5
Deal Size ($mm) $225
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 03/01/2022
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 22.5
Deal Size ($mm) $225
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
BofA Securities
J.P. Morgan
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Company Data
Headquarters New York, NY, United States
Founded 2021
Employees at IPO 4
Website www.soundpointcap.com

Sound Point Acquisition I (SPCMU) Performance