Allegro Merger Corp. Filed an Amended S-1 this Afternoon with Some Notable Changes.
In addition to bringing on Chardan Capital Markets as a co-manager, Allegro Merger Corp. changed its Rights Terms to reflect holders receiving one-tenth (1/10) of a share versus the originally stated one-twentieth (1/20). Allegro had been the first SPAC to deviate from the standard 1/10th, but it appears 1/20th was not well received. Hence, the change. Additionally, the time to completion deadline has been shortened from 21 months to 18 months.
The filing also shows Chardan will now be participating in the purchase of Private Placement Units. Previously, Cantor had committed to purchasing 50,000 units of the total 372,500 units, at a purchase price of $10.00. The 50,000 units will now be split between Cantor and Chardan, except there appears to be a mistake in the prospectus. The Underwriting section lists Cantor as purchasing 38,250 units and Chardan 11,250. However, that only adds up to 49,500 units. I’m sure this will be corrected in future filings, but for now we have it listed, as is, below until we get confirmation on the numbers.
New Summary Terms:
- Sector Focus: General / Broad
- $10.00 unit comprised of one share of common stock, one right and one full warrant
- Each right entitles the holder to receive one-tenth (1/10) of one share
- 100% held in trust ($10.00 per share)
- 18 months to complete an acquisition
- Warrant redemption price: $18.00
- Redemption rights: limitation of 20% of the shares sold in the IPO
- Founders, Cantor Fitzgerald and Chardan (the Underwriters) to purchase 372,500 Private Placement units at $10.00 to bring the trust to 100% (Founders – 322,500 units / Cantor – 38,250 units / Chardan – 11,250)
- Underwriter fees: 2.0% + 3.5% deferred fee. Cantor Fitzgerald is sole book-runner.


A look at Plus’ software-first approach to autonomous trucking. After years of investment and excitement, the dawn of self-driving cars and trucks is now here. The question now is which business model among autonomous driving technology companies will win out? This week, we speak with David Liu, CEO of autonomous trucking company Plus. Plus announced...
At the SPAC of Dawn One thing that SPAC investors can typically count on while their money is invested in a SPAC’s trust is that it is going to grow one way or the other between now and their next redemption opportunity, but the devil can occasionally be in the details. In 2024, it became...
Thunderstone has filed for a $50 million SPAC to put a new first-time Asia-based team in action on a generalist hunt. The new SPAC is offering investors a right to a 1/8 share in each unit with 18 months to initially complete a business combination. It is the 8th fresh S-1 filed with underwriter D....
At the SPAC of Dawn In a trading session that may find itself built around the release of Fed minutes at 2 pm ET this afternoon, a pair of SPAC targets have added their own fresh information to the mix. Enterprise AI firm Fusemachines, which has a pending combination with CSLM (OTC:CSLMF), put out a...
Globa Terra Acquisition Corporation (NASDAQ:GTERU) announced the pricing of its $152 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “GTERU”, Wednesday, July 9, 2025. The new SPAC plans to mount a search for a target in the agriculture, agtech or biotech sectors with an emphasis on water...