Alpha Star Acquisition Corp. announced the pricing of its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ALSAU” Monday, December 13.
The new SPAC intends to focus on middle-market growth businesses that have a connection to the Asian markets and a total enterprise value of between $300 million and $600 million. Alpha Star is led by Chairman and CEO Zhe Zhang, and CFO Goujian Chen.
Total SPAC deal count for 2021 year-to-date is now 593. This offering is expected to close on Wednesday, December 15.
Ladenburg Thalmann & Co. Inc. is acting as the sole bookrunner and the representative of the underwriters in the offering. Brookline Capital Markets, a division of Arcadia Securities, LLC is acting as co-manager of the offering. Becker & Poliakoff LLP is serving as Issuer’s Counsel with Kramer Levin Naftalis & Frankel LLP serving as Underwriter’s Counsel. UHY LLP serves as auditor. Wilmington Trust, National Association is acting as trustee.
Aimei Health Technology II Co., Ltd (NASDAQ:AHJKU) has filed for a $60 million SPAC ostensibly to pair up with a small cap biotech or medical device target, but its team’s experience both in SPACs and beyond suggest the vehicle will be open to a broad set of potential targets. It is the first SPAC to...
At the SPAC of Dawn The markets got to open one stocking early yesterday, but it was mostly coal as it showed durable goods orders had declined by more than twice as much as expected to -1.1% in November. It wasn’t all signs of naughtiness, however. Amid the numbers that came public one day earlier...
Copley Acquisition Corp has filed to raise a $150 million SPAC to hunt for a technology or lifestyle target in either the Asia Pacific or North America regions. The new S-1 also advances underwriter Clear Street in the league tables as it has backed two of the three latest SPACs to file in December, and...
Translational Development Acquisition Corp. (NASDAQ: TDACU) announced the pricing of its $150 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “TDACU”, Monday, December 23, 2024. The new SPAC intends to take a generalist approach in searching for a business combination, but intend to focus on industries that...
At the SPAC of Dawn SPACs have set to have a busy holiday week with three business combination approval votes and eight special meetings for extensions. Teams are trying to get eight of these in the books today, including all three completion votes ahead of Christmas Eve tomorrow. As noted last week, the theme of...