Nebula Acquisition Corporation

closedU=S+W/3W=S@11.50
NEBUSEC EDGARCIK: 0001720353|Nebula Holdings, LLC

Capital Structure & Economics

Trust Size$250,000,000
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$250,000,000
Sponsor At-Risk CapitalN/A
Total Underwriting DiscountN/A
Trust Per Unit (Implied)$10.00
Sponsor Promote Allocation20%
Deal Lifecycle
IPO PricedDec 18, 2017
Target AnnouncedJan 5, 2020
Maturation Wall
N/A

Announced Target / M&A

  • Target CompanyOpen Lending
  • Announced Deal Size$1,080,000,000
  • Announcement Date2020-01-05

Board & Officers

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.

Dilution Cash Friction