Mars Acquisition Corp. priced its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “MARXU” Tuesday, February 14, 2023.
The new SPAC intends to focus on opportunities in automobiles, healthcare, financial technology, cyber security, cleantech, software, Internet and AI, specialty manufacturing and any other related technology innovations market. Mars is led by CEO and CFO Karl Brenza, COO Xiaochen (Iris) Zhao, and Chairman Shanchun Huang.
Total SPAC deal count for 2023 year-to-date is now 5. This offering is expected to close on Thursday, February 16.
Maxim Group LLC is acting as the sole book-running manager of the offering. VCL Law LLP is serving as Issuer’s Counsel with Harter Secrest & Emery LLP serving as Underwriter’s Counsel. Freed Maxick CPAs, P.C. serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
Adit EdTech (NYSE: ADEX) announced this morning that its shareholders have approved its business combination with bitcoin self-mining company Griid Infrastructure at a special meeting held yesterday, November 30. A total of 8,520,710 shares of common stock, representing approximately 95.7% of the outstanding shares entitled to vote, were present at the meeting, constituting a quorum...
At the SPAC of Dawn There had been hopes that this week would take one world conflict off the board, but combat has resumed in the Middle East as other eyes are likely to be fixed on new Fed comments today. The fighting in Gaza continues to not appear to have appreciable affects on the...
Chavant Capital Acquisition Corp. (NASDAQ:CLAY) announced in an 8-K filing this afternoon that it has amended its business combination agreement with Mobix Labs. The amendment involves specific alterations to the exchange ratio, now set at a one-to-one ratio to determine how many shares of Class A Common Stock and Class B Common Stock Mobix Labs’...
ShoulderUp Technology (NYSE:SUAC) announced this afternoon that it has signed a non-binding letter of intent (LOI) to combine with an undisclosed private IT company and has terminated its previous LOI with Airspace Experience Technologies. Terms of the new transaction have not yet been announced, but the parties expect to finalize a definitive agreement by the...
The pace of lock-up expirations is picking up in the final month of the year after a relatively quiet November. Seven de-SPACs and sponsors will be freed to run downstairs and see what the public markets have brought them, but not all are likely to find treats in their wooden clogs. The fastest kid into...