Greencity Acquisition Corporation (GRCYU), announced the pricing of their $40 million IPO this evening and the units are expected to begin trading tomorrow, Friday, July 24th, under the symbol Nasdaq: GRCYU.
Greencity intends to pursue businesses that have a connection to the Asian market and will be led by Jinlong Liu, as Chairman, and Ming Zhang, as Chief Executive Officer.
Total SPAC deal count for 2020 year-to-date is now 49 with $18.643 billion in gross proceeds raised. The offering is anticipated to close on Tuesday, July 28, 2020.
Ladenburg Thalmann & Co. Inc. is acting as book-running manager and Brookline Capital Markets, a division of Arcadia Securities, LLC, is acting as co-manager for the offering. Ellenoff Grossman & Schole LLP and Kramer Levin Naftalis & Frankel LLP, were Issuer’s Counsel and Underwriter’s Counsel, respectively. Marcum LLP, acted as auditor.
AltC (NYSE:ALCC) has reportedly been taking the pitch deck for its combination with nuclear fission firm Oklo on the road in recent weeks, which has generated the rare result of a SPAC trading significantly above its trust value still well before completing its deal. The SPAC has an estimated $10.59 per share in its trust...
Trump Media (NASDAQ:DJT) is down about -15% in the pre-market following the filing of its first S-1 since closing its combination with Digital World, and this includes the issuance of the 21,491,251 shares. Of these, 14,375,000 are to be made available for those exercising warrants while the rest would go out to note holders from...
At the SPAC of Dawn This week, bookended by the end of Ramadan and the beginning of Passover, could wind up stacked with events to avoid those holiday times, but for now SPACs have scheduled just six extension votes for this stretch. Redwood (NASDAQ:RWOD) and Genesis Growth Tech (OTC:GGAAF) have yet to release results from...
Terms Tracker for the Week Ending April 12, 2024 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. The month of April is still feeling pretty sleepy, but there’s reason to believe that will change relatively soon with some notable events lined up...
The SPAC boom of 2020-2021 brought the asset class into sectors they had never entered before and that had generated few if any public companies of any kind. Space was one of these, but it appeared to be a passing fascination as soon as macro financial winds changed. That could be about to change once...