Liberty Resources Acquisition Corp. announced the pricing of its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “LIBYU” Thursday, November 4.
The new SPAC intends to focus on the natural resources industry, specifically within the oil and gas sectors. The Company’s objective is to focus on middle market and emerging growth businesses operating with a total enterprise value from $200 million to $2 billion. Liberty Resources is led by Dato’ Maznah Binti Abdul Jalil, the Company’s Chairman of the Board and Chief Executive Officer, and Dato Khalid Ahmad, the Company’s Chief Financial Officer.
Total SPAC deal count for 2021 year-to-date is now 512. This offering is expected to close on Monday, November 8.
EF Hutton, division of Benchmark Investments LLC, served as the sole book-running manager on the offering. Nelson Mullins Riley & Scarborough LLP is serving as Issuer’s Counsel with Mitchell Silberberg & Knupp LLP serving as Underwriter’s Counsel. Adeptus Partners, LLC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
At the SPAC of Dawn Happy Friday! SPACInsider has unveiled new presets on SPAC Performance accessible via the Data drop-down to easily sort for the highest and lowest performing active SPACs and de-SPACs. On the de-SPAC side, Vertiv (NYSE:VRT) continues to be well ahead of the pack, logging a 710% return by share price adjusted...
AGBA (NASDAQ:AGBA) stock is up over +90% this morning following a +211% premarket spike on news it has signed a definitive agreement to combine with social streaming video platform Triller. AGBA, the company itself, was formed by the $555 million combination between a SPAC of the same name and TAG Companies, a financial services firm...
At the SPAC of Dawn Since closing its combination with DHC last month, AI customer engagement firm BEN (NASDAQ:BNAI) has rolled out new partnerships with call center and healthcare clients. And, while it faces a fair bit of competition in the chatbot realm, several high-profile institutions have demonstrated that creating one that provides useful services...
Blue Ocean (NASDAQ:BOCN) provided significantly more texture today in the presentation for its $275 million combination with Asian digital media group TNL Mediagene, which it expects to hit profitability in the second half of the year despite a slight shakeup in financing for the transaction. The first big update in the first investor deck is...
At the SPAC of Dawn A brand new market may have just opened up for space de-SPACs as NASA administrator Bill Nelson announced a shift in the agency’s $11 billion program for a mission to return samples from Mars. Rather than rely on the agency’s internal technologies that would be predicted to get a sample...