Crescent Cove Acquisition Corp.

announcedU=S+W/2W=S@11.50
COVASEC EDGARCIK: 0001837160|COVA Acquisition Sponsor LLC

Capital Structure & Economics

Trust Size$250,000,000
Unit Price$10.00
Warrant Coverage1/2
Sponsor Promote20%

Implied Equity Architecture

Capital Allocation Baseline

Trust (100.0%)

Implied Dilution Drag

50% Warrant Inclusion
Public Trust Allocation$250,000,000
Sponsor At-Risk CapitalN/A
Total Underwriting DiscountN/A
Trust Per Unit (Implied)$10.00
Sponsor Promote Allocation20%
Deal Lifecycle
IPO PricedJan 20, 2021
Target AnnouncedMay 26, 2022
Maturation Wall
N/A

Announced Target / M&A

  • Target CompanyECARX Holdings Inc.
  • Announcement Date2022-05-26

Board & Officers

  • Jun Hong HengCEO
  • Karanveer “K.V.” DhillonDirector
  • Pandu SjahrirDirector
  • Alvin W. SariaatmadjaDirector
  • Jack SmithDirector
  • Alvin Widarta SariaatmadjaDirector

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.

Dilution Cash Friction