Churchill Capital Corp II
announcedU=S+W/3W=S@11.50
SKIL
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 PricedJun 10, 2019
Target AnnouncedDec 22, 2021
Maturation Wall
N/A
Announced Target / M&A
- Target CompanyCodecademy
- SectorTechnology
- Announcement Date2021-12-22
Board & Officers
- John FrederickCEO
- M. Klein and Company, LLC(7)Officer
- Patrick KolekDirector
- Jeffrey R. TarrDirector
- Lawrence C. IllgDirector
- Helena B. FoulkesDirector
- Ronald W. HovsepianDirector
- Director
- Director
- Peter SchmittDirector
- Lawrence H. SummersDirector
- Apratim PurakayasthaDirector
- Michelle Boockoff-BajdekDirector
- Sarah HiltyDirector
- Ryan MurrayDirector
- Mark OniskDirector
- Eric StineDirector
- Richard WalkerDirector
- Peter SeiboldDirector
- Director
- Director
- Director
- Director
- Director
- Glenn AugustDirector
Advanced Structuring Terms
| Target Sectors | Technology |
Syndicate & Advisors
- LEAD
- AUDITOR
- 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.