Flag Ship announced the pricing of its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “FSHPU”, Tuesday, June 18, 2024.
The new SPAC aims to combine with a company valued between $200 million and $400 million with strong growth potential and that could stand to benefit from becoming a public company.
Flag Ship’s sponsor team will be led by CEO and Chairman Matthew Chen and CFO Luhuan Zhong. Shan Cui, Pai Liu and Wen He are to serve as Flag Ship’s Board of Directors
Total SPAC deal count for 2024 year-to-date is now 15. This offering is expected to close on Thursday, June 20, 2024.
Lucid Capital Markets is acting as the sole book-running manager for the offering. Becker & Poliakoff LLP is serving as Issuer’s Counsel with Kramer Levin Naftalis & Frankel LLP serving as Underwriter’s Counsel. Marcum Asia CPAs LLP serves as auditor. Wilmington Trust, National Association is acting as trustee.
Terms Tracker for the Week Ending June 27, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. June continued its late-month rally with another five SPAC IPOs pricing this week, bringing the monthly total to 10 and the 2025 year-to-date count to...
Blueport (NASDAQ:BPACU) has filed for a $69 million SPAC that would bring another first-time sponsor team to market. The new SPAC is offering investors a right to a 1/6 share in each unit and it will have 15 months to complete a business combination. It is underwritten by Alliance Global Partners and will not be...
At the SPAC of Dawn The markets appear to poised to continue a rosy week with futures in the green in anticipation of PCE inflation readings. Space is one of the sectors feeling the most love recently and launch services firm Rocket Lab (NASDAQ:RKLB) is keeping up the momentum, scheduling two launches within 48 hours...
FIGX Acquisition Corp. (NASDAQ:FIGXU) announced the pricing of its $131 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “FIGXU”, Friday, June 27, 2025. The new SPAC aims to seek out a financial services target with a particular focus on wealth and asset managers with the potential to...
Yorkville Acquisition Corp. (NASDAQ:YORKU) announced the pricing of its $150 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “YORKU”, Friday, June 27, 2025. The new SPAC plans to combine with a target company in the telecom, media or technology sectors. Yorkville Acquisition Corp.’s management team is led...