Vantage Energy Acquisition Corp.
closedU=S+W/3W=S@11.50
VEAC
Capital Structure & Economics
Trust Size$400,000,000
Unit Price$10.00
Warrant Coverage1/3
Sponsor Promote20%
Implied Equity Architecture
Capital Allocation Baseline
Trust (100.0%)
Implied Dilution Drag
33% Warrant Inclusion| Public Trust Allocation | $400,000,000 |
| Sponsor At-Risk Capital | N/A |
| Total Underwriting Discount | N/A |
| Trust Per Unit (Implied) | $10.00 |
| Sponsor Promote Allocation | 20% |
Deal Lifecycle
IPO PricedFeb 17, 2017
Target AnnouncedNov 7, 2018
Maturation Wall
Apr 17, 2017
Announced Target / M&A
- Target CompanyQEP Energy Company
- Announcement Date2018-11-07
Board & Officers
- Roger J. BiemansCEO
- NGP Energy Capital Management, L.L.C.(3)Officer
- NGP XIOfficer
- VEPOfficer
Syndicate & Advisors
Interactive Deal Modeling
Base financial constraints (Trust Size, Warrants, Promote) are pre-loaded into the calculation engines. Proceed to model implied dilution and advisory friction limits.