Gesher I Acquisition Corp. announced the pricing of its $100 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “GIACU” Tuesday, October 12.
The new SPAC intends to focus on target businesses in the mobility, autonomy and robotics, and fintech industries that are located in Israel, particularly those that conduct business internationally in Asia, Europe or North America. Gesher I Acquisition Corp. is led by CEO Ezra Gardner, COO Omri Cherni, and CFO Chris Coward.
Total SPAC deal count for 2021 year-to-date is now 462. This offering is expected to close on Thursday, October 14.
EarlyBirdCapital, Inc. is acting as the sole book-running manager for the offering. I-Bankers Securities, Inc. and Ingalls & Snyder, LLC are acting as co-managers for the offering. Graubard Miller is serving as Issuer’s Counsel with Loeb & Loeb LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
SPAC Deja Vu There’s been a lot of talk this year in the SPAC market about how it’s finally reverting back to a healthier version of deal flow and the comparison is always, “….like 2019”. In fact, in 2019, Trump was in office and there were 59 SPAC IPOs priced. As of this morning, Trump...
This year has seen a variety of innovations for SPACs to continue the lifespan beyond their traditional search windows. In general, this creativity is welcome as long as investors get their chance to have a say and a redemption opportunity at the appropriate time. But, in the second half of 2024, some SPACs have not...
At the SPAC of Dawn US market futures are green after the gut punch of news on slowing rate cuts, but there are now fresh concerns that the post-election rally may be short-lived. New clouds could be on the horizon as well in the form of a potential government shutdown as well as the implementation...
At the SPAC of Dawn As the countdown to the Fed’s 2 pm ET rate cut decision tick down, the space sector continues to be one of the main areas of SPAC activity most unblemished from the volatility ahead of the move. AST SpaceMobile (NASDAQ:ASTS) and Intuitive Machines (NASDAQ:LUNR) each finished up significantly in Tuesday...
At the SPAC of Dawn De-SPACs have continued to be able to raise significant capital this quarter. This morning, two more companies launched share offerings while another pulled in private capital funding from a strategic partner. This is a good sign for the ability of SPACs to raise PIPE capital for any forthcoming deals as...