TERRANOVA CAPITAL ANNOUNCES LAUNCH OF SPAC BACKSTOP AND DESPAC FINANCE PLATFORM.
TerraNova Capital Structured Finance (“TerraNova Capital”), the credit advisory and special purpose finance division of TerraNova Capital Equities, Inc. today announced the launch of their SPAC Backstop and deSPAC finance platform. The TerraNova finance platform will help SPACs identify structured finance solutions in conjunction or in place of PIPE financing and redemption shortfalls.
“With over 200 SPACs seeking to execute completion of their target deSPAC and mergers, many SPACs are concerned about the ongoing constraints in the PIPE Market as well as redemptions,” stated Todd Coffin, Head of Structured Finance.
