Best SPAC I Acquisition Corp. (NASDAQ:BSAAU) announced the pricing of its $55 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “BSAAU”, Friday, June 13, 2025.
The new SPAC plans to combine with a consumer goods company with a total enterprise value between $100 million and $600 million.
Best SPAC I’s management team is led by Chief Executive Officer, Chief Financial Officer and Chairman Xiangge Liu. The Board also includes Huachen Zhang, Heyi Chen and Precille Chu Cernosia.
Total SPAC deal count for 2025 year-to-date is now 56. This offering is expected to close on Monday, June 16, 2025.
Maxim Group LLC is acting as the sole book-running manager for the offering. Loeb & Loeb LLP is serving as Issuer’s Counsel with Ellenoff, Grossman & Schole LLP serving as Underwriter’s Counsel. WWC, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
Talon Capital Corp. (NASDAQ:TLNCU) has filed for a $225 million SPAC that provides further evidence that SPAC terms are getting stronger even for less experienced management teams. This new SPAC is offering investors a 1/3 warrant in each unit, which makes it the third SPAC to file with underwriter Cohen & Company with this low...
Earlier this summer, SPACInsider unveiled the SPACInsider Alerts App on iOS. Now, users of Android devices and anyone using the Chrome desktop browser (even if you’re using a Mac) can get up-to-the-minute instant alerts on SPAC filings, smart summaries of transaction terms, tailored notifications, and more! Download the SPACInsider Alerts App at the Google Play...
At the SPAC of Dawn This week’s lineup of economic data releases lean initially towards homebuilding and sales, but the Core PCE inflation reading on Thursday is what most market-watchers will likely have marked. Two SPACs are also holding completion votes, each of which have been delayed at least once. The real action in SPACs...
Terms Tracker for the Week Ending August 15, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. The SPAC market had a little bit of everything this week: two new SPAC IPOs priced, one combination announcement hit the tape, and eight new...
AI Infrastructure (NASDAQ:AIIAU) has filed for a $100 million IPO to be the latest crossover of a team from being a SPAC target to a SPAC sponsor. This SPAC offers investors one right to a 1/5 share in each unit and a potential first redemption opportunity at 18 months. The SPAC may automatically extend this...