Churchill Capital Corp III
announcedU=S+W/4W=S@11.50
CTEV
Capital Structure & Economics
Trust Size$600,000,000
Unit Price$10.00
Warrant Coverage1/4
Sponsor Promote20%
Implied Equity Architecture
Capital Allocation Baseline
Trust (100.0%)
Implied Dilution Drag
25% Warrant Inclusion| Public Trust Allocation | $600,000,000 |
| Sponsor At-Risk Capital | N/A |
| Total Underwriting Discount | N/A |
| Trust Per Unit (Implied) | $10.00 |
| Sponsor Promote Allocation | 20% |
Deal Lifecycle
IPO PricedJan 29, 2020
Target AnnouncedJul 12, 2020
Maturation Wall
N/A
Announced Target / M&A
- Target CompanyMultiPlan Parent
- SectorHealthcare
- Announced Deal Size$5,678,000,000
- Announcement Date2020-07-12
Board & Officers
- CEO
- Officer
- Lee Jay TaraginOfficer
- Officer
- Officer
- Officer
- Malcom S. McDermidOfficer
- Officer
- M. Klein and Company, LLC(7)Officer
- Director
- Director
- Director
- Director
Advanced Structuring Terms
| Target Sectors | Healthcare |
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.