Brilliant Acquisition Corporation (BRLIU), announced the pricing of their $40 million SPAC IPO this evening and the units are expected to begin trading tomorrow, Wednesday, June 24th, under the symbol NASDAQ: BRLIU
Brilliant Acquisition Corporation intends to focus on companies with primary operations in the Asia-Pacific region with an enterprise value between $200 to $300 million. The Sponsor of the Company is Nisun Investment Holding Limited, a wholly-owned subsidiary of Shanghai Ningsheng Enterprise Management Group Co., Ltd. Brilliant will be led by Dr. Peng Jiang as Chairman, CEO and CFO.
Total SPAC deal count for 2020 year-to-date is now 33 with $10.498 billion in gross proceeds raised. The offering is anticipated to close on Friday, June 26, 2020.
EarlyBirdCapital, Inc. acted as sole book-running manager of the offering. Conyers Dill & Pearman and Raiti, PLLC were Issuer’s Counsel. Graubard Miller was Underwriter’s Counsel. Marcum LLP, acted as auditor.
At the SPAC of Dawn Lately de-SPACs have been announcing corporate moves of a kind frequently in trios as was the case earlier this week when WeBull (NASDAQ:BULL), AST SpaceMobile (NASDAQ:ASTS) and Quantum-Si (NASDAQ:QSI) all announced major equity raises. This week, it is a trio of de-SPACs making reverse stock splits in unison, which is...
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...