Genesis Growth Tech Acquisition Corp. announced the pricing of its upsized $220 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “GGAAU” Thursday, December 9.
The new SPAC intends to focus its search for a target in the high growth technology and tech-enabled businesses in Europe, Israel, the United Arab Emirates, and the United States in the consumer internet, e-commerce, and software industries. Genesis Growth Tech is led by Chairman, Chief Executive Officer, and Chief Financial Officer Eyal Perez, Co-Executive Chairman of the Board, Chief Strategy Officer, and President Michael Lahyani, Co-Executive Chairman of the Board, Chief Operating Officer and Executive Head of M&A Simon Baker.
Total SPAC deal count for 2021 year-to-date is now 580. This offering is expected to close on Monday, December 13.
Nomura Securities International, Inc. is acting as sole book-running manager for the offering. Orrick, Herrington & Sutcliffe LLP is serving as Issuer’s Counsel with Davis Polk & Wardwell LLP serving as Underwriter’s Counsel. Citrin Cooperman & Company, LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.


At the SPAC of Dawn Lately de-SPACs have been announcing corporate moves of a kind frequently in trios as was the case earlier this week when WeBull (NASDAQ:BULL), AST SpaceMobile (NASDAQ:ASTS) and Quantum-Si (NASDAQ:QSI) all announced major equity raises. This week, it is a trio of de-SPACs making reverse stock splits in unison, which is...
A look at Plus’ software-first approach to autonomous trucking. After years of investment and excitement, the dawn of self-driving cars and trucks is now here. The question now is which business model among autonomous driving technology companies will win out? This week, we speak with David Liu, CEO of autonomous trucking company Plus. Plus announced...
At the SPAC of Dawn One thing that SPAC investors can typically count on while their money is invested in a SPAC’s trust is that it is going to grow one way or the other between now and their next redemption opportunity, but the devil can occasionally be in the details. In 2024, it became...
Thunderstone has filed for a $50 million SPAC to put a new first-time Asia-based team in action on a generalist hunt. The new SPAC is offering investors a right to a 1/8 share in each unit with 18 months to initially complete a business combination. It is the 8th fresh S-1 filed with underwriter D....
At the SPAC of Dawn In a trading session that may find itself built around the release of Fed minutes at 2 pm ET this afternoon, a pair of SPAC targets have added their own fresh information to the mix. Enterprise AI firm Fusemachines, which has a pending combination with CSLM (OTC:CSLMF), put out a...