Highview Merger Corp. Announces Pricing of $200,000,000 Initial Public Offering

Rhea-AI Summary

Highview Merger Corp (NASDAQ:HVMC) has announced the pricing of its $200 million initial public offering, consisting of 20,000,000 units priced at $10.00 per unit. Each unit includes one Class A ordinary share and one-half of one redeemable warrant, with whole warrants exercisable at $11.50 per share.

The units will trade on Nasdaq under "HVMCU" starting August 12, 2025, with the Class A shares and warrants later trading separately under "HVMC" and "HVMCW". The SPAC, led by CEO David Boris and President Taylor Rettig, has granted underwriters a 45-day option to purchase up to 3,000,000 additional units to cover over-allotments.

The offering, managed by Jefferies as sole book-runner, is expected to close on August 13, 2025.

Positive

• Initial public offering successfully priced at $200 million
• Trading on major exchange (Nasdaq Global Market)
• Experienced leadership team in place
• Additional 3,000,000 unit over-allotment option provides potential for increased capital

Negative

• No specific business combination target identified yet
• SPAC investments carry inherent uncertainty until merger completion
• Warrant dilution potential when exercised at $11.50

Insights

SPAC and IPO Analyst

Highview Merger Corp. raised $200M in a standard SPAC IPO structure, targeting future business combinations with experienced leadership.

Highview Merger Corp. has priced its IPO at $200 million, offering 20 million units at $10.00 per unit on Nasdaq. Each unit includes one Class A ordinary share and half a warrant exercisable at $11.50. This follows the standard SPAC structure, where capital is raised to fund future business combinations.

The company is led by David Boris (CEO/CFO) and Taylor Rettig (President), with Jefferies serving as sole bookrunner. The underwriters have a 45-day option to purchase up to an additional 3 million units to cover over-allotments, potentially increasing the offering by $30 million.

This SPAC has not yet identified a target business sector or company for acquisition. As with all SPACs, investors are essentially backing the management team's ability to identify and execute a value-creating business combination within the typical 18-24 month timeframe before the SPAC would need to liquidate and return funds to investors.

The units will trade under ticker "HVMCU" beginning August 12, with the Class A shares and warrants eventually trading separately under "HVMC" and "HVMCW." The offering is expected to close on August 13, pending customary conditions.

While SPAC IPOs have become less frequent since their 2020-2021 peak, deals continue to come to market. Investors in this SPAC will need to evaluate management's track record and wait for signals about potential acquisition targets before determining the investment's ultimate value.

Delray Beach, FL, Aug. 11, 2025 (GLOBE NEWSWIRE) -- Highview Merger Corp. (the “Company”) announced today that it priced its initial public offering of 20,000,000 units at a price of $10.00 per unit. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, each whole warrant exercisable to purchase one Class A ordinary share at a price of $11.50 per share. Only whole warrants will be exercisable. The units will be listed on The Nasdaq Global Market (“Nasdaq”) and trade under the ticker symbol “HVMCU” beginning August 12, 2025. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols “HVMC” and “HVMCW,” respectively. The offering is expected to close on August 13, 2025, subject to customary closing conditions.

The Company is a special purpose acquisition company formed for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company is led by Chief Executive Officer and Chief Financial Officer, David Boris, and President, Taylor Rettig.

Jefferies is acting as the sole book running manager for the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 3,000,000 units at the initial public offering price to cover over-allotments, if any. 

The offering is being made only by means of a prospectus. Copies of the prospectus may be obtained, when available, from Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, or by telephone at 877-821-7388 or by email at Prospectus_Department@Jefferies.com.

A registration statement relating to these securities has been declared effective by, the Securities and Exchange Commission (the “SEC”) on August 11, 2025.  This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any State or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State or jurisdiction.

CAUTIONARY NOTE CONCERNING FORWARD-LOOKING STATEMENTS

This press release contains statements that constitute “forward-looking statements,” including with respect to the initial public offering and search for an initial business combination. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement for the initial public offering filed with the SEC. Copies are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Contact
David Boris
(561) 826-6050
david@highviewmerger.com

Taylor Rettig
(561) 826-6050
taylor@highviewmerger.com

FAQ

What is the IPO price for Highview Merger Corp (HVMC) units?

Highview Merger Corp's units are priced at $10.00 per unit, with each unit consisting of one Class A ordinary share and one-half of one redeemable warrant.

When will HVMC stock begin trading on Nasdaq?

The units will begin trading on Nasdaq under symbol 'HVMCU' on August 12, 2025. The Class A shares and warrants will later trade separately under 'HVMC' and 'HVMCW'.

How much money is Highview Merger Corp (HVMC) raising in its IPO?

Highview Merger Corp is raising $200 million through its IPO of 20,000,000 units, with potential for an additional $30 million if the over-allotment option is exercised.

Who are the key executives leading Highview Merger Corp?

The SPAC is led by David Boris as Chief Executive Officer and Chief Financial Officer, and Taylor Rettig as President.

What is the exercise price for HVMC warrants?

Whole warrants can be exercised to purchase one Class A ordinary share at a price of $11.50 per share.