890 5th Avenue Partners, Inc.
closedU=S+W/3W=S@11.50
BZFD
Capital Structure & Economics
Trust Size$250,000,000
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 | $250,000,000 |
| Sponsor At-Risk Capital | N/A |
| Total Underwriting Discount | N/A |
| Trust Per Unit (Implied) | $10.00 |
| Sponsor Promote Allocation | 20% |
Deal Lifecycle
IPO PricedDec 23, 2020
SearchingTarget Pending
Maturation Wall
Jan 1, 2021
Announced Target / M&A
- Target CompanyBuzzFeed, Inc.
- SectorDigital Media
- Announced Deal Size$1,234,500,000
Board & Officers
- Jonah PerettiCEO
- PA 2 Co-Investment LLCOfficer
- Craig-HallumOfficer
- Officer
- Director
- Director
Advanced Structuring Terms
| Target Sectors | Digital Media |
Syndicate & Advisors
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.