Social Capital Hedosophia Holdings Corp. III
closedU=S+W/3W=S@10.00
CLOV
Capital Structure & Economics
Trust Size$600,000,000
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 | $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 PricedFeb 28, 2020
Target AnnouncedOct 5, 2020
Maturation Wall
N/A
Announced Target / M&A
- Target CompanyClover Health Investments, Corp.
- SectorHealthcare
- Announced Deal Size$3,702,000,000
- Announcement Date2020-10-05
Board & Officers
- Andrew ToyCEO
- Social Capital(2)Officer
- Hedosophia(2)Officer
- Director
- Director
- Director
- Director
- Director
- Director
- Dr. James RyansDirector
Advanced Structuring Terms
| Target Sectors | Healthcare |
Syndicate & Advisors
- LEAD
- FINANCIAL ADVISOR
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.