Waverley Capital Acquisition Corp. 1

General Information
Business:

We intend to focus on industries that complement our team’s background and capitalize on our team’s ability to source and acquire a business focused on media, technology or entertainment. (Incorporated in the Cayman Islands)

Our sponsor, WCAC1 Sponsor LLC, is an affiliate of Waverley Capital, L.P., a venture capital firm focused solely on the innovation and disruption occurring globally throughout the media and entertainment industries. Waverley is the successor fund to Luminari Capital L.P., a media-focused venture capital fund founded in 2014.

Waverley is led by its co-founders, Edgar Bronfman Jr. and Daniel V. Leff, who are the co-founders of Waverley Capital. Their previous investments include Roku, Inc. (IPO – NASDAQ: ROKU), fuboTV Inc. (IPO – NYSE: FUBO), Matterport (SPAC merger –NASDAQ: MTTR), Pluto TV (acquired by Viacom), Wondery (acquired by Amazon), The Athletic and Headspace. 

Mr. Bronfman is our chairman. He was previously the chairman and  CEO of Warner Music Group. He was also previously the CEO of The Seagram Company, Ltd., the parent company of Universal Studios Inc. 

Daniel V. Leff, Ph.D. serves as our CEO and a director. Dr. Leff is the co-founder and managing partner of Waverley. He is also the founder and managing partner of Luminari Capital (the predecessor fund to Waverley). Before co-founding Waverley and founding Luminari Capital, Dr. Leff was a partner with Globespan Capital Partners in the firm’s Palo Alto office. Earlier in his career, he worked for Sevin Rosen Funds and Redpoint Ventures. He previously held engineering, marketing and strategic investment positions with Intel Corp. and served as a director of Roku (NASDAQ:ROKU) from 2011-2018. He is a director of fuboTV (NYSE: FUBO), a live TV streaming platform for sports, news, and entertainment, where he sits on the audit committee. Dr. Leff earned a  Ph.D. in physical chemistry from the University of California, Los Angeles. 

(Note: Waverley Capital Acquisition Corp. I priced its SPAC IPO on Aug. 19, 2021, in line with the terms in its prospectus: 20 million units at $10 each to raise $200 million. Waverley Capital I downsized its SPAC IPO to 20 million units, down from its initial size of 30 million units, in an S-1/A filing dated July 30, 2021. The company filed to go public in March 2021.) 

Industry: BLANK CHECKS
Employees: 0
Founded: 2021
Contact Information
Address 535 Ramona Street, Suite #8 Palo Alto, CA 94301
Phone Number (650) 308-9907
Web Address
View Prospectus: Waverley Capital Acquisition Corp. 1
Financial Information
Market Cap $250.0mil
Revenues $0 mil (last 12 months)
Net Income $0 mil (last 12 months)
IPO Profile
Symbol WAVC.U
Exchange NYSE
Shares (millions): 20.0
Price range $10.00 - $10.00
Est. $ Volume $200.0 mil
Manager / Joint Managers Evercore ISI/ Morgan Stanley
CO-Managers -
Expected To Trade: 8/20/2021
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change