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SPAC Team

Leaders from the Beginning

Legend’s dedicated Special Purpose Acquisition Company (SPAC) banking team has unique comprehensive transaction expertise and a record of success in multiple deals through all stages.

Since 2003, we’ve been a leader in the emergence of SPACs as one of the financial industry’s most dynamic asset classes. Legend has been involved in the distribution of 87 of the 150 SPAC IPO’s (as of early 2008), or 58% of the total. During this time, Legend has co-managed 22 transactions, totaling approximately $2 Billion. This deep experience has led issuers and underwriters alike to seek us out as partners, from putting together teams to our well-known strategic and marketing support on the critical “back-end” of deals. Legend has also now become the “broker of choice” for many large buy-side players and we are highly active in secondary market trading of SPACs. We are a volume leader in AMEX and OTCBB SPAC; approximately 25 million units, common shares, and warrants are traded by Legend each month.

The Choice for Issuers, Underwriters and Investors

By combining deep SPAC experience with best-of-breed M&A, distribution and trading capabilities, Legend has established itself as the bank to work with in the SPAC market. Legend:

  • Knows SPACs and their life-cycles inside-out
  • Offers an M&A team with more than 150 successful transactions and the know-how to navigate the complex SPAC acquisition process
  • Has strong networks into the potential target universe (including PEGs and strategic sellers)
  • Offers widely-recognized capital raising /distribution resources
  • Provides expertise in each key stage: strategy and planning; filing and documentation; IPO Execution; secondary market trading; sourcing, evaluation and completion of business combinations; and the approval process
  • Supports our clients post-transaction with everything from strategic advice to capital raising

Find out more about how Legend can help you achieve your objectives, plus learn about our SPAC information products, by contacting: James Palmer: jpalmer@a747589.sites.myregisteredsite.com; (415) 957-9555.

 
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Routing and Execution Disclosure Required under Rule 606

Rule 606 of SEC Regulation NMS requires broker-dealers such as Legend Merchant Group, Inc. to publicly disclose quarterly reports of the firm's order routing practices. The report provides information on the routing of "non-directed orders" which is generally defined as any order that the client has not specifically instructed to be routed to a particular venue for execution.

The Rule 606 statistics for Legend Merchant Group, Inc. are available for public view.