Genesis Unicorn Capital Corp. announced the pricing of its $75 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “GENQU” Tuesday, February 15.
The new SPAC intends to focus its search on the intersection of the healthcare and technology industries, specifically within the biotechnology and pharmaceutical sectors. Genesis Unicorn Capital is led by Chief Executive Officer Adeoye Olukotun, President and Chief Financial Officer Samuel Liu, Chief Scientific Officer Niel Starksen, Chief Operating Officer Juan Fernandez Pascual, and Co-Chairmen Grainne Coen and Ernest Fong.
Total SPAC deal count for 2022 year-to-date is now 37. This offering is expected to close on Thursday, February 17.
EF Hutton, division of Benchmark Investments, LLC, is acting as the sole book running manager for the offering. Becker & Poliakoff LLP is serving as Issuer’s Counsel with Hogan Lovells US LLP serving as Underwriter’s Counsel. MaloneBailey, LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
Oak Woods Acquisition Corporation priced its $50 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “OAKU” Friday, March 24, 2023. The SPAC intends to focus on businesses that have their primary operations in the technology-enabled healthcare services industry located in the Asia-pacific region. Oak Woods is led by...
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: SMX successfully marks steel at manufacturing facility in Europe, and Rainwater Tech partners with Discovery Land to generate rainfall across developer’s properties SMX Leads the Transition from Linear to Circular Production through the Success...
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...
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...
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...