TradeUP Acquisition Corp. announced the pricing of its $40 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “UPTDU” Thursday, July 15.
The new SPAC aims to combine with a technology target preferable with operations in the automotive or automotive-related, semiconductor, artificial intelligence, digital health, e-commerce and education sectors. TradeUP is led by Co-CEO and Chairman Mr. Jianwei Li, Co-CEO Mr. Weiguang “James” Yang, and CFO Ms. Luqi “Lulu” Wen.
Total SPAC deal count for 2021 year-to-date is now 371. This offering is expected to close on Monday, July 19.
EF Hutton, a division of Benchmark Investments, LLC, is serving as the sole book-running manager for the offering. Hunter Taubman Fischer & Li LLC is serving as Issuer’s Counsel with Ellenoff Grossman & Schole LLP serving as Underwriter’s Counsel. Friedman LLP serves as auditor. Wilmington Trust, National Association is acting as trustee.
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...