The Growth for Good Acquisition Corp. announced the pricing of its $220 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “GFGDU” Friday, December 10.
The new SPAC intends to seek opportunities with inclusive and environmentally sustainable companies with strong business fundamentals and high growth potential. The Growth for Good is led by CEO Yana Watson Kakar, President David Birnbaum, and CFO and COO Rahul Kakar.
Total SPAC deal count for 2021 year-to-date is now 585. This offering is expected to close on Tuesday, December 14.
Credit Suisse and Barclays are acting as the joint book-running managers of the offering. Latham & Watkins LLP is serving as Issuer’s Counsel with Paul Hastings LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
Many things go into an M&A transaction negotiation, but one of the most common points at issue in SPAC deals is the fate of the sponsor’s promote. While the two sides might wrangle back and forth on the target’s valuation and potential earnout consideration, it is also common for the sponsor to agree to concessions...
At the SPAC of Dawn The tantalizing “will they, won’t they” drama around rate cuts appears set to finally come to a head this week as the Federal Reserve is expected to make an interest rate decision Wednesday morning. But, that is far from all that is going down in SPACland this week. The five...
Terms Tracker for the Week Ending September 13, 2024 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. We were expecting this week to be busier than it was since it was the first 5-day week post-Summer. However, it was actually very light....
Alpha Star (NASDAQ:ALSA) has entered into a definitive agreement to combine with fintech firm XDATA at an equity value of $180 million. Tallinn, Estonia-based XData provides payment software and digital banking systems for business clients. The combined company is expected to trade on the Nasdaq once the deal is completed in late 2024. Transaction Overview...
At the SPAC of Dawn The market shifted this week on the see-saw of the US election prospects, but, beyond the policies at play, another impact the election could have on the SPAC market is the potential for a fair amount of people movement. Many of the biggest names in SPACland have been bundling donations...