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.
Terms Tracker for the Week Ending November 24, 2023 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. This being the Thanksgiving holiday week, we are thankful for a lot of things, but mostly that 2023 is almost over. It’s been a rough...
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