SPACInsider Logo
ALSP Orchid Acquisition Corp. I (ALORU) Prices $150M IPO
by Marlena Haddad on 2021-11-18 at 8:20pm

ALSP Orchid Acquisition Corp. I announced the pricing of its $150 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ALORU” Friday, November 19.

The new SPAC intends to target life science companies in North America and Singapore with a particular emphasis on companies developing assets and next-generation platform technologies with broad applicability.  ALSP Orchid I is led by Chief Executive Officer and President Thong Q. Le, Chief Financial Officer Ian A. W. Howes, Chief Development Officer Kendall M. Moher Ph.D., Chief Operating Officer Andras T. Forgacs, Chief Business Officer Kevin T. Chow Ph.D., Chairman Nominee of the Board of Directors Bruce L.A. Carter, Ph.D., and Senior Advisers Randall C. Schatzman, Ph.D., and Philip Yeo Liat Kok.

Total SPAC deal count for 2021 year-to-date is now 551. This offering is expected to close on Tuesday, November 23.

Stifel, Nicolaus & Company, Incorporated and Nomura Securities International, Inc. are acting as the joint book-running managers for the offering. Cooley LLP is serving as Issuer’s Counsel with Glovsky and Popeo, P.C. serving as Underwriter’s Counsel. Grant Thornton LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.

Recent Posts
by Kristi Marvin on 2023-03-23 at 8:12am

Between the various recent cases in the Delaware courts, such as Boxed, which involved the different SPAC voting classes, or the Multiplan case, or Arrival, all of which are in addition to the 1% excise tax on share buybacks, there has been a noticeable trend of SPACs moving to off-shore domiciles. We spoke with Derek...

by Nicholas Alan Clayton on 2023-03-23 at 7:22am

two (NYSE:PIAI) announced in an 8-K this morning that it has transferred the majority of its sponsor interest to a new team led by SPAC veteran Thomas Hennessy. The new sponsor entity HC Proptech Partners III is to purchase 4,854,375 promote shares (90.9%) for undisclosed cash consideration and all current SPAC officers are expected to...

by Marlena Haddad on 2023-03-22 at 5:46pm

Metals Acquisition Corp. (NYSE:MTAL) announced in an 8-K this afternoon that it has entered into a silver stream equity subscription agreement, redemption backstop, and copper stream equity subscription agreement to support its combination with Glencore’s (LON:GLEN) CSA Copper Mine. On March 20, the SPAC entered into a silver stream subscription agreement with Osisko Bermuda pursuant to...

by Nicholas Alan Clayton on 2023-03-22 at 11:58am

Stratim Cloud (NASDAQ:SCAQ) has entered into a definitive agreement to combine with oil and gas services provider Force Pressure at an enterprise value of $287.5 million, or 3.8x its 2022E adjusted EBITDA. The Seguin, Texas-based company provides drilling equipment and services primarily to the Eagle Ford, Permian and Haynesville basins in Texas and surrounding states....

by Marlena Haddad on 2023-03-22 at 11:34am

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.  Latest SPAC News:  Electriq Power signs $300M agreement, Zapp reveals production version of i300 Carbon Launch Edition, and White & Case sues Colonnade II Electriq Power secures $300M to deploy solar + storage in California with ‘major U.S....

Privacy Policy|Terms Of Use
Copyright © 2023 SPACInsider, Inc. All Rights Reserved