Global Lights Acquisition Corp. (Nasdaq: GLACU) announced the pricing of its $60 million IPO this morning. Its units are expected to begin trading on the Nasdaq under the symbol “GLACU” on Tuesday, November 14, 2023. After the securities comprising the units begin separate trading, the Class A ordinary shares and rights are expected to be listed on Nasdaq under the symbols “GLAC” and “GLACR,” respectively.
The company intends to focus its search on a target that provides solutions promoting sustainable development and focuses on environmentally sound infrastructure and industrial applications. Global Lights is led by its CEO and Chairman Zhizhuang Miao, CFO Bin Yang, Chief R&D Officer Guomei Han and CTO Yizhi Guo.
Total SPAC deal count for 2023 year-to-date is now 27. This offering is expected to close on Thursday, November 16, 2023.
Chardan Capital Markets, LLC (“Chardan”) is acting as sole book-running manager of the offering. Robinson & Cole LLP is serving as Issuer’s Counsel with Loeb & Loeb LLP serving as Underwriter’s Counsel. Marcum Asia CPAs LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
At the SPAC of Dawn Pioneering an entirely new type of aircraft is necessarily a process fraught with turbulence, but eVTOL makers got a major lift Tuesday as the Federal Aviation Administration published its final ruling on “powered-lift” vehicles. This rule brings much needed clarity to the agency’s requirements for pilot training and operations and...
Horizon Space II (NASDAQ:HPSTU) has filed for a $60 million IPO to be the latest entry in the smaller tier of SPACs and underwriters to put a fresh try in motion. Since August 1, nine of the 17 new SPAC S-1’s have sought less than $200 million in their IPOs and smaller institutions like BTIG...
Flag Ship (NASDAQ:FSHP) has entered into a definitive agreement to combine with optoelectronics firm Great Rich Technologies (KOSDAQ:900290) for undisclosed terms. Great Rich manufacturers polypropylene products for consumer electronics including precision films and coatings for sensitive instruments. The combined company is expected to list American Depositary Shares (ADSs), which will trade on the Nasdaq once...
At the SPAC of Dawn With one new entry in each of the SPAC deal, IPO and new S-1 filing columns, there are revived hopes that the market will regain the pace it had set in August and September. Aldel Financial II Inc.‘s (NASDAQ:ALDFU) IPO slated for today is October’s fourth after September turned out...
Aldel Financial II Inc. announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ALDFU”, Tuesday, October 22, 2024. The new SPAC plans to combine with an established business of scale with prospects for positive cash flow and the infrastructure to handle being...