Malacca Straits Acquisition Company Limited (MLACU), announced the pricing of their $125 million SPAC IPO this evening and the units are expected to begin trading tomorrow, Wednesday, July 15th, under the symbol Nasdaq: MLACU.
Malacca Straits will be focused on the Southeast Asian middle-market with intended targets in the media, food processing, renewable energy and healthcare industries, with an emphasis on business conglomerates. Kenneth Ng, will be Chief Executive Officer, President and Director, and will be joined by Stanley Wang, as Chief Financial Officer and Director.
Total SPAC deal count for 2020 year-to-date is now 42 with $13.278 billion in gross proceeds raised. The offering is anticipated to close on Friday, July 17, 2020.
BTIG, LLC is acting as the sole book running manager for the offering and I-Bankers Securities, Inc. is acting as co-manager for the offering. Ellenoff Grossman & Schole LLP and White & Case LLP were Issuer’s Counsel and Underwriter’s Counsel, respectively. WithumSmith+Brown, PC, acted as auditor.
Cayson Acquisition Corp. (NASDAQ:CAPN) has entered into a definitive agreement to combine with boutique investment firm Mango Financial for $300 million in equity consideration. Hong Kong-based Mango provides a range of M&A and equity capital markets advisory services to clients considering listings in China and the US. The combined company is expected to trade on...
Trailblazer (NASDAQ:BLZRU) has filed for a $200 million SPAC to bring a first-time team to market with serial sponsor terms. The new SPAC is offering investors a 1/3 warrant in each unit and it is the first SPAC filed so far this month with 24 months on its initial transaction clock. All other July SPACs...
This week, we speak with Kyivstar CEO Oleksandr Komarov about the company’s $2.2 billion dollar combination with Cohen Circle Acquisition Corp. I (NASDAQ:CCIR). Few companies have been had to forge themselves in the flames recently quite like Ukraine’s leading telecom and digital services provider Kyivstar. Now, Kyivstar is not only telling that story but pitching it to...
At the SPAC of Dawn The market still has one full trading session before it adds Tuesday’s Core CPI reading and a variety of Fed comments to messaging it is already ingesting on US President Donald Trump’s ever-shifting tariff policy. SPACs are meanwhile continuing on with business as usual, with Cayson (NASDAQ:CAPN) announcing the third...
Terms Tracker for the Week Ending July 11, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. One more IPO priced this week bringing July’s total to 8. However, there are still three more weeks left in the month so that number...