in History/American Studies and joint M.B.A. / J.D. Read more. Redemptions ahead of the vote appear to have wiped out roughly 77% of the SPAC's cash in trust. Samantha Lee/Insider Special purpose acquisition companies, or SPACs, have a limited pool of businesses to buy. Gett still expects to reach profitability later this year and seek a public listing in 2023, although it is unclear if this might involve a SPAC once again. Mr. Murphy earned a Bachelor of Arts in Business Administration from Hofstra University. All rights reserved. Renaissance Capital->. Our audit committee will review on a quarterly basis all payments that were made by us to our sponsor, directors, officers or our or any of their respective affiliates. DealFlow Financial Products, Inc. (d/b/a DealFlow Events). He also serves on the board of Shanes Rib Shack, a fast casual barbeque restaurant business with 65 locations in the southeast United States, Mr. Edmonds received a B.A. It [], Please Click Here To Watch Fox Business Video Yesterday I joined Maria Bartiromo on Fox Business. Mr. Murphy is currently a board member of multiple private, venture capital backed companies including Cargo Systems, Squarefoot, ForDays and Agile Stacks. 500 Startups is a leading global venture capital fund and startup accelerator. PO Box 122Syosset, NY 11791(516) 876-8006team@dealflowevents.com. Find Related Places. Under the Nasdaq listing standards and applicable SEC rules, we are required to have at least three members of the audit committee, all of whom must be independent, subject to certain phase-in provisions. We intend to focus our efforts on identifying high-growth technology and tech-enabled businesses domestically in industries that are being disrupted by advances in technology and on technology paradigms. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 2023, Nasdaq, Inc. All Rights Reserved. Typically, a SPAC, a blank-cheque company that raises money through initial public offerings (IPOs) and merges with firms by enticing them with shorter listing timelines, will issue shares at $10. Israeli-founded ride-hailing startup Gett announced last week that it will enter into a definitive agreement to merge with Rosecliff Acquisition I, a special purpose acquisition company (SPAC), to go public on the NASDAQ. Rosecliff Acquisition Corp I (NASDAQ: RCLFU) (NASDAQ: RCLF) raised $253 million in an IPO and invests in rapidly growing companies creating disruptive techno. Mr. Goodwin previously was a Managing Director at both UBS and Merrill Lynch, where he ran proprietary trading books. The company offered 2 million more units than anticipated. Mr. Radecki is an active angel investor in, or advisor to, several companies across various industries from start-ups with zero revenue, to pre-IPO and large public companies. At the proposed deal size, Rosecliff Acquisition would command a market value of $250 million. Rosecliff Acquisition Corp I is a newly incorporated blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The SPAC in the filing said it will pursue high growth technology and tech-enabledbusinesses domestically in industries that are being disrupted by advances in technology and on technology paradigms.. Rosecliff Acquisition I, a blank check company backed by Rosecliff Venture Management targeting technology, filed on Wednesday with the SEC to raise up to $200 million in an initial public offering. For Days Fashion Brand Will Take Back Any Piece of Clothing at Any Time for Any Reason. The information disclosed in Item 5.07 of this Current Report on Form 8-K under the headings Proposal 1 and .. Read more. And with more capital chasing startups, not all the deals. USD, Gett Appoints Chief Information Security Officer, Forrester Consulting Total Economic Impact' Study Finds Gett Delivers 162% Return on Investment, Gett to Appoint Enterprise Software Veteran Ruth Sun to Board of Directors to scale industry-leading GTM platform, Gett's B2B Marketplace Passes Major Milestone Surpassing 2,000 Fleets to Cover Ground Transportation Demand, Gett's Ground Transportation Management Platform Enables Enhanced Passenger Safety Protocols, SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation into the Fairness of the Merger of Rosecliff Acquisition Corp I with GT Gettaxi Limited, Gett to Go Public Through $1.1B SPAC Merger. Securities and Exchange Commission Filings - Rosecliff Acquisition Corp Securities and Exchange Commission Filings Click on link below to connect to Edgar Online at the Rosecliff Acquisition Corp. page for a comprehensive list of our SEC filings and access to downloads: EDGAR Online Investor Relations Terms call for a $100 million PIPE to fund Taiga's growth strategy, working capital and general corporate purposes along with remaining funds from the SPAC's $102 million held in escrow. Prior to our initial business combination, holders of our founder shares will have the right to elect all of our directors and remove members of the board of directors for any reason, and holders of our public shares will not have the right to vote on the election of directors during such time. Mr. Zimmerman currently serves as the Chairman and Founder of Zimmerman Advertising, which he founded in 1984. Mr. Radecki currently serves as the Founder, Chief Executive Officer and member of the Board of Directors of Rapa Therapeutics (Rapa), a clinical stage start-up biotechnology company, spun out of the National Cancer Institute in September 2017. He is an investor in many early-stage companies and currently serves on the board of directors of Tradewell Technologies Inc. and Zoomi Inc. Additionally, he serves on the board of directors Voya Prime Rate Trust, a public closed-end loan fund. Dave Calhoun, the Global Head of Private Equity at Blackstone and Bob Nardelli, the former [], http://video.foxbusiness.com/v/5116766044001/facebook-on-track-to-be-first-1t-company/?#sp=show-clips Yesterday I was on Fox Business and I had the chance to talk about technology companies and how they are changing the way we live our daily lives. The firm. https://quantisnow.com/i/3711878?utm_source=stocktwits Written by Here's Why. Mr. Goodwin previously founded Panning Capital Management, L.P. (Panning) in 2012 and was Co-Managing Partner and Portfolio Manager until 2018. Rosecliff Ventures is a private equity firm investing in enterprises and innovative companies that have substantial growth potential. We plan to capitalize on our management teams extensive investment, operational and governance experience to identify a growth-oriented target business that is under-valued relative to its potential. Casper is the first direct-to-consumer online mattress provider, creating one perfect mattress at a price-point that everyone can love. The company was incorporated in 2020 and is based in New York, New York. [Read more] Industry Blank Check / SPAC Rosecliff Acquisition I and GT Gettaxi Limited ( dba Gett), have entered into a definitive business combination agreement that vlaues the combined enterprise at $1 billion. The combined company may trade on the either Volta Inc. (NYSE:VLTA), which completed a combination with Tortoise Acquisition Corp. IIin August 2021, announced this morning that it has agreed to be acquired by Shell, a subsidiary of Shell plc (NYSE: SHEL),in an all-cash transaction at $0.86 per share. During his time at King Street, the firms AUM grew from $4 billion to approximately $20 billion. New tech-focused SPAc Roscliff Acquisition I filed with the SEC to offer 20 million units at $10 each to raise $200 million in an IPO. However, these "market conditions" also coincide with this deal possibly being the first SPAC casualty of the Russia-Ukraine war. NYU [], Two times a year, Iwill open a small window to hire new, incoming analysts to join our investment team. He is currently the Chair of the Investment Committee at Woodberry Forest School. Any compensation to be paid to our officers after the completion of our initial business combination will be determined by a compensation committee constituted solely by independent directors. Also, Mr. Radecki invested pre-IPO in other companies including Beyond Meat (NASDAQ: BYND) and Skillz Inc. (NYSE: SKLZ), which is merging (via SPAC) with Flying Eagle Acquisition Corp. (NASDAQ: FEAC). https://shortablestocks.com/?RCLF, https://www.intratio.com/stock-forecast/RCLF The artificial intelligence deduces that the value of this equity has a clear poor short-term setup and will continue to trend quite negatively in the next months $RCLF, Rosecliff Acquisition Corp I Files SEC Form 8-K $RCLF https://www.marketbeat.com/stocks/NASDAQ/RCLF/sec-filings/, $RCLF just filed with the SEC a Bylaw Change, a Vote of Security Holders and a Financial Exhibit https://last10k.com/sec-filings/rclf/0001140361-22-046689.htm?utm_source=stocktwits&utm_medium=forum&utm_campaign=8K&utm_term=rclf. BTIG is the sole bookrunner on the deal. The SPAc offered 2.5 million addition units to upsize the offer 20 percent. Juice Press Partners with Super Bowl Champion Russell Wilson to Open First West CoastStore. Important Disclosures Renaissance Capital is the global leader in providing pre-IPO institutional research and management of IPO-focused investment products. In the press release, Gett noted that the Russian market only represented 14% of the companys direct gross profit in the fourth quarter of 2021. Renaissance Capital is the global leader in providing pre-IPO institutional research and management of IPO-focused investment products. Brian Radecki will serve as chairman of the audit committee. Subject to any other special rights applicable to the stockholders, prior to our initial business combination, any vacancies on our board of directors may be filled by the affirmative vote of a majority of the directors present and voting at the meeting of our board of directors, or by holders of a majority of the issued and outstanding shares of our Class B common stock. They will begin service on March 1st 2017 and focus on diverting food waste and recycling from the landfill. Let us know. Thirty Madison is the parent company of condition-specific brands known as: Keeps, Cove, Evens, and Picnic. We believe Mr. Radeckis qualifications to serve on our board of directors include his extensive experience working at public companies in senior level operational, business development, accounting and financial roles, coupled with his substantial experience as a private angel investor, entrepreneur and advisor to organizations and executives, along with his track record in deal making and capital markets. $RCLF Rosecliff Acquisition Corp I filed SEC Form 8-K: Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year, Submission of Matters to a Vote of Security Holders, Other Events, Financial Statements and Exhibits We took part in co-leading the funding round with QB1 Ventures, a venture capital firm led by Alex and Henry Swieca. Those who know me know that family is [], PLEASE CLICK HERE TO WATCH VIDEO Today I had the great pleasure of joining the panel on Fox Business Mornings with Maria. We are not party to any agreements with our directors and officers that provide for benefits upon termination of employment. Our board has determined that each of Brian Radecki and Frank S. Edmonds is an independent director under applicable SEC and Nasdaq listing rules. SPAC Rosecliff Acquisition Corp. (RCLFU) and Gett, which operates a ground transportation management technology platform, have agreed to terminate their proposed merger, citing. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Will Trump Victory Boost Small BusinessOptimism? 2023 Renaissance Capital LLC. The article Tech SPAC Rosecliff Acquisition I prices upsized $220 million IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. In the past, he was the Founder of a wealth management firm, hedge fund and multiple commercial real estate portfolios. He has over 20 years of experience building both small private and large public companies. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. The agency works with these companies to help increase brand awareness, market share and overall company growth. Rosecliff Acquisition intends to focus on identifying high growth technology and tech-enabled businesses domestically in industries that are being disrupted by advances in technology and on technology paradigms. https://quantisnow.com/i/3786412?utm_source=stocktwits The deal values the combined company at $1.1 billion. Units start trading today on the Nasdaq under RCLFU. The New York, NY-based company plans to raise $200 million by offering 20 million units at $10. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. Billion Dollar Company? The SPAC intends to focus its search for a target with operations or prospects in the Europe, Middle East and Africa Technology and Media industry, including data analytics, enterprise software, security software, e-commerce and online marketplaces, and/or financial services technology. Our independent directors will have regularly scheduled meetings at which only independent directors are present. The transaction would provide up to $253 million in gross proceeds from Rosecliffs trust account, assuming no redemptions, with an additional $30 million in gross proceeds from a fully committed PIPE from Rosecliffs sponsors and existing Gett shareholders. Medication discretely and directly to your doorstep. LONDON, March 11, 2022--Gett, a leading corporate ground transportation management (GTM) technology platform, and Rosecliff Acquisition Corp I (NASDAQ: RCLFU), a publicly-traded special purpose . ", "Rosecliff Ventures Leads $1.5m Investment Round In EdTech Startup,YellowDig", "Will Facebook Be the First Trillion DollarCompany? Share. Tailwind in its initial S-1 filing has said it will target international consumer internet and other high-growth technology companies in international markets, with a focus on the European market. degrees from the University of Virginia. Rosecliff Acquisition I plans to list on the Nasdaq under the symbol RCLFU. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Each unit will consist of one share of common stock and one-third of a warrant, exercisable at $11.50. We have five funds, and our latest fund size is $175M. We had two guests that did a great job explaining the state of the private market industry. Rosecliff is a diversified investment management firm based in New York City. In 2016, Mr. Murphy founded Rosecliff and has served as its Managing Partner since its inception. Access them all or just read their earnings: https://last10k.com/sec-filings/rclf/0001213900-22-071142.htm?utm_source=stocktwits&utm_medium=forum&utm_campaign=10KQ2040F&utm_term=rclf, $RCLF Form 10-Q (quarterly report [sections 13 or 15(d)]) filed with the SEC The firm has over $1B in assets under management and operates multiple investment strategies, including credit, venture capital and private equity $1.4 Billion YellowDig, is a social collaboration tool that brings knowledge from outside of the classroom into the course material. https://quantisnow.com/i/3733289?utm_source=stocktwits Our goal is to invest and help grow these exceptional companies. These experiences led me to launch Rosecliff Ventures, a multi-stage venture capital firm with $1billion in assets and over 100 portfolio companies. Rosecliff Acquisitionintends to focus on identifying high growth technology and tech-enabledbusinesses domestically in industries that are being disrupted by advances in technology and on technology paradigms. YellowDig, is a social collaboration tool that brings knowledge . Rosecliff is a diversified investment management firm based in New York City. Postmates is transforming the way goods move around cities by enabling anyone to have anything delivered on-demand. An independent director is defined generally as a person that, in the opinion of the companys board of directors, has no material relationship with the listed company (either directly or as a partner, stockholder or officer of an organization that has a relationship with the company). Claim this business. Renaissance Capital for Tech-focused SPAC Rosecliff Acquisition I files for a $200 million IPO, Renaissance International ETF (symbol: IPOS), Do Not Sell My Personal Information (CA Residents Only). $RCLF SEC Form DEF 14A filed by Rosecliff Acquisition Corp I $RCLF Form SC 13G (statement of acquisition of beneficial ownership by individuals) filed with the SEC The deal is expected to close in the first half of . Please feel free to [], Last week, I was invited to speak at the 500 Startups headquarters in San Francisco. PO Box 122Syosset, NY 11791(516) 876-8006team@dealflowevents.com. Latest SPAC News: Grab revealed as top food delivery player in ASEAN despite slowing growth, SomaLogic reduces staff, and DL E&C, Doosan invest $25M in X-Energy Grab tightens ASEAN food delivery grip despite slowing growth Singapore-based Ross Acquisition Corp. II (NYSE:ROSS) has entered into a definitive agreement to combine with drug developer APRINOIA at an enterprise value of $319.6 million. Will Facebook Be the First Trillion DollarCompany? 45 seconds delayed. Copy and paste multiple symbols separated by spaces. But, writing that off while simultaneously working to close a SPAC deal under terms that included that business line may have been too much for all sides to swallow. Each consists of one share of Class A common stock and one-third of one redeemable warrant. We believe that the Rosecliff platform, coupled with the collective expertise of our management team will give us a competitive advantage in pursuing a broad range of opportunities across many industries. Global Partner Acquisition Corp. II (NASDAQ:GPAC) announced in an 8-K this morning that it has transferred control of its sponsor to affiliates of New York-based private equity firm Antarctica Capital Partners. Get your FREE TRIAL now. We seek to create positive economic impact and long-term value for our investors and portfolio companies. 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