Spartan Acquisition Corp. II
announcedU=S+W/3W=S@11.50
SPRQ
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 PricedOct 9, 2020
SearchingTarget Pending
Maturation Wall
N/A
Announced Target / M&A
- Target CompanySunlight Financial LLC
- SectorTechnology-enabled point-of-sale financing
- Announced Deal Size$1,175,000,000
Board & Officers
- Rodney YoderCEO
- Apollo Global Management, Inc.(6)Officer
- Director
- Director
- Director
- Director
- Director
- Director
- Director
- Director
- John MacWilliamsDirector
Advanced Structuring Terms
| Target Sectors | Technology-enabled point-of-sale financing |
Syndicate & Advisors
- LEAD
- LEAD
- LEAD
- LEAD
- LEAD
- LEAD
- LEAD
- WARRANT AGENT
- AUDITOR
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.