Golden Path Acquisition Corp. announced the pricing of its $50M IPO and its units are expected to begin trading on the Nasdaq under the symbol “GPCOU” Tuesday, June 22.
The new SPAC aims to combine with a target that is involved in a strategically significant sector in the Asian markets, such as internet and high technology, and has an enterprise value between $150 million and $300 million. Golden Path is led by Chairman and CEO Shaosen Cheng and CFO Teddy Zheng.
Total SPAC deal count for 2021 year-to-date is now 346. This offering is expected to close on Thursday, June 24.
Ladenburg Thalmann & Co. Inc. acted as book-running manager and Brookline Capital Markets, a division of Arcadia Securities, LLC, acted as co-manager for the offering. Becker & Poliakoff LLP is serving as Issuer’s Counsel with Kramer Levin Naftalis & Frankel LLP serving as Underwriter’s Counsel. Friedman LLP serves as auditor. Wilmington Trust, National Association is acting as trustee.
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