CNNE - Bill Foley's Cannae to enter forward purchase pacts for $200M of SPAC units

Bill Foley's Cannae Holdings ([[CNNE]] -2.4%) plans to enter forward purchase agreements for $200M for units of two SPACs that another Foley entity is sponsoring.CNNE plans a $75M forward purchase agreement with Austerlitz Acquisition Corp. I ("AUS"); under the agreement, Cannae will purchase the equivalent of 7.5M shares of AUS class A common stock, plus a total of 1.875M redeemable warrants, at $10 per share of class A common stock, in private placement.AUS proposes an IPO of 50M units at a price of $10 per unit.It also plans to enter a $125M forward purchase agreement with Austerlitz Acquisition Corp. II ("ASU II"), under which CNNE will buy 12.5M shares of class A common stock and 3.125M warrants at a price of $10 per share of class A stock.AUS II proposes an IPO that would raise up to $1B.Austerlitz Acquisition Sponsor LP I, an affiliate of Trasimene Capital Management LLC, is AUS's

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Bill Foley's Cannae to enter forward purchase pacts for $200M of SPAC units