Noble Rock Acquisition Corporation
closedU=S+W/3W=S@11.50
NRAC
Capital Structure & Economics
Trust Size$200,000,000
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 | $200,000,000 |
| 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 12, 2021
Target AnnouncedMar 20, 2023
Maturation Wall
Nov 4, 2024
Announced Target / M&A
- Target CompanyBraiin Limited
- Announced Deal Size$572,000,000
- Announcement Date2023-03-20
Board & Officers
- Aemish ShahCEO
- Whitney A. BowerOfficer
- Pete LowOfficer
- Director
- Director
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.