STARBOARD VALUE ACQUISITION CORP.
Completed 2021-07-29- CIK 1794905
- SVAC
- Now CYXT
- IPO 2020-09-11
- $404M trust
- 312 filings
Successfully merged with Cyxtera Technologies, Inc. • Now trading as CYXT
- IPO Size
- $404M
- raised at the IPO
- Trust
- $404M
- as of 2021-06-30
- Current Status
- Completed
- from its latest filing
- IPO Year
- 2020
- year it listed
Filings, by quarter
312 filings over 16 quarters; violet bars carry a milestone
- 20 Q2: 2 filings
- 20 Q3: 32 filings
- 20 Q4: 2 filings
- 21 Q1: 10 filings
- 21 Q2: 21 filings
- 21 Q3: 65 filings
- 21 Q4: 21 filings
- 22 Q1: 44 filings
- 22 Q2: 31 filings
- 22 Q3: 26 filings
- 22 Q4: 12 filings
- 23 Q1: 8 filings
- 23 Q2: 21 filings
- 23 Q3: 4 filings
- 23 Q4: 4 filings
- 24 Q1: 9 filings
- S-1 filed 20 Q2
- IPO 20 Q3
- Definitive agreement 21 Q1
- Completed 21 Q3
SPAC Overview
Where it stands on the road from S-1 to merger
Timeline Progress
About
Starboard Value Acquisition Corp. is a blank-check company seeking to combine with a business. It intends to focus on businesses in technology, healthcare, consumer, industrial, and hospitality and entertainment sectors, especially established private companies with potential for operational, strategic, or managerial transformation and value creation.
Investment Focus
Technology, Healthcare, Consumer, Industrial, Hospitality, Entertainment
Key Information
As the filings state it
- IPO Date
- 2020-09-11
- Total Redemptions
- $262M
- PIPE
- $250M
- SIC
- 6770
- Completion Date
- 2021-07-29
- Merger Target
- Cyxtera Technologies, Inc.
- SPAC Ticker
- SVAC
- Merged Ticker
- CYXT
SPAC Team
The banks on its IPO, and the team as the filings describe it
Underwriters
Extended Team Information
Sponsored by SVAC Sponsor LLC, an affiliate of Starboard Value LP, an investment adviser with public- and private-market experience. The company is led by Jeffrey C. Smith, Martin D. McNulty, Jr., and Kenneth R. Marlin, with Industry Advisors Erin Russell, Anthony M. Sanfilippo, Nigel Travis, and Gregory Waters, whose experience spans healthcare, hospitality, entertainment, gaming, retail, and other operating sectors.