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.
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