Gx Acquisition Corp. Prices $250M SPAC

IPO

Gx Acquisition Corp. Prices $250M SPAC

May 20, 2019 INTEL by Kristi Marvin

Gx Acquisition Corp. (GXGXU), announced the pricing of their $250 million SPAC IPO this evening and the units are expected to begin trading tomorrow, May 21st, under the symbol Nasdaq: GXGXU.

GX Acquisition Corp., is being led by Jay Bloom and Dean Kehler, the co-founders of Trimaran Capital, and intend to focus their search on companies with favorable growth prospects and attractive returns on invested capital.

Total SPAC deal count for 2019 year-to-date is now 23 with $5.21 billion in gross proceeds raised. The offering is expected to close on or about May 24th, 2019.

Congratulations to all.

 


Cantor Fitzgerald acted as sole book-running manager.
Ellenoff Grossman & Schole LLP and Graubard Miller, were Issuer’s Counsel and Underwriter’s Counsel, respectively.

 

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