Tottenham Acquisition I Limited, filed their CERT this afternoon and should be pricing their IPO tonight for trading Thursday.
The $40 million Tottenham, which is focused on businesses primarily located in China/Asia, will be kicking off August as the first SPAC to price this month. However, rumor has it that Forum Merger II will not be far behind. Chardan will be sole bookrunner on this deal and a summary of terms can be found below:
Deal Terms:
- Sector Focus: China/Asia
- $10.00 unit comprised of one ordinary share, one right and one warrant to purchase 1/2 share
- Each right entitles the holder to receive one-tenth (1/10) of one share
- 100% held in trust ($10.00 per share or up to $10.30 per share if all three extensions are exercised)
- 12 months to complete an acquisition (plus three 3-month extensions with $0.10/share to be deposited in trust)
- Warrant call for redemption price: $16.50
- Underwriter fees: 2.5% + 4.0% deferred fee. Chardan is sole book-runner.
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...