Chardan NexTech Acquisition 2 Corp. announced the pricing of its upsized $110 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “CNTQU”, Wednesday, August 11.
The new company intends to combine with a businesses with disruptive technologies. Chardan NexTech 2 is led by Co-Founder and Chairman Kerry Propper, Co-Founder, CEO, Secretary and Treasury Jonas Grossman, and CFO Alex Weil.
Total SPAC deal count for 2021 year-to-date is now 402. This offering is expected to close on Friday, August 13.
Chardan is serving as sole book-running manager and B. Riley Securities, Inc. is acting as the qualified independent underwriter for the offering. Reed Smith LLP is serving as Issuer’s Counsel with Greenberg Traurig, LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
Remember the metaverse? Many do not. Meta’s (NASDAQ:META) attempted transition to virtually living and working seemed to mark a trend that went up and down quickly, but one SPAC deal has both survived that roller coaster and may rise with a second. Back in December 2022, Newbury Street (NASDAQ:NBST) announced a $1.85 billion combination with...
At the SPAC of Dawn Tucked into the bill that provides $95 billion in funding to American allies passed by the House this weekend is another measure that is likely to have far more impact on at least one pending deal in SPAC world. It would appear that the timing was fortuitous for TikTok rival...
With the passage this weekend of $95 billion in funding for Ukraine, Israel and Taiwan by the House of Representatives, some focus has gone back towards the defense sector, which has generally had a good year as a whole. But, SPACs have not been as active in defense, despite the fact that companies in the...
At the SPAC of Dawn As April’s sleepy month for SPAC news continues, there is only one special meeting on the docket to consider a SPAC deal approval, that being today’s vote on Pegasus Digital Mobility‘s (NYSE:PGSS) combination with equipment manufacturer Schmid. Three more SPACs are facing extension votes this week, including Pyrophyte (NYSE:PHYT), whose...
Terms Tracker for the Week Ending April 19, 2024 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. Passover and school spring break starts next week, which most likely means a slowdown in SPAC filing activity. Although Churchill IX is now rumored to...