PROOF Acquisition Corp I
Status: Deal Closed
U=S+W/2
W=S@11.5
| IPO Proceeds, $M | $276.00M |
|---|---|
| IPO Date | Dec 1, 2021 |
| CEO | John C. Backus, Jr. |
| Left Lead | BofA Securities |
| IPO Cash in Trust | 102.0% |
| SPAC Tenor | 18 + 6 |
| IPO Sector |
General
Enterprise software, health care, financial technology and consumer |
| IPO Geography | Global |
| Target Company | Volato |
| Deal Announced | Aug 2, 2023 |
| Deal Size, $M | $261.10M |
| Deal Sector | Travel & Hospitality |
| Deal Geography | US/Canada |
| SEC Filings | www.sec.gov |
| Approval Vote | Nov 28, 2023 |
| Amendment Vote | May 19, 2023 |
| Closing Date | Dec 4, 2023 |
Formerly PACI
SOAR
SOAR/W
| Price | $0.21 |
|---|---|
| Last closing price | $0.20 |
| H/L, today | $0.20 / $0.21 |
| Volume, today | 527,717 |
| Volume, 3-month avg. | N/A |
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- Structure and cap table
- 7 directors & officers
- 28 filings and events
- 1 underwriters
- 1 deal advisors
- 2 legal advisors
Structure
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Team
| Name | Age | Title |
|---|---|---|
| John C. Backus, Jr. | 63 | Chief Executive Officer and Member of the Board |
| Steven P. Mullins | 55 | Chief Financial Officer |
| Michael W. Zarlenga | 53 | General Counsel and Corporate Secretary |
| Peter C. Harrison | 58 | Chairman of the Board |
| Coleman Andrews | 66 | Director |
| Mark Lerdal | 62 | Director |
| Lisa Suennen | 55 | Director |
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Advisors
Underwriters
| BofA Securities | BR | 24,000,000 | units |
| 24,000,000 | units | ||
| Up-Front UW fee | 2.00 | % | |
| Deferred UW fee |
3.50 | % |
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Deal
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