Hainan Manaslu Acquisition Corp. priced its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “HMACU” Thursday, August 11, 2022.
The new SPAC aims to focus on targets with high growth potential in the post COVID-19 market including companies targeting vast consumer segments, platform based businesses, and products targeting the younger generation of consumers. Hainan Manaslu is led by Chairman and CEO Zhifan Zhou, CFO Wenyi Shen, and CIO Xun Zhang.
Total SPAC deal count for 2022 year-to-date is now 74. This offering is expected to close on Monday, August 15.
Ladenburg Thalmann & Co. Inc. is acting as sole book-running manager for the IPO. Ellenoff Grossman & Schole LLP is serving as Issuer’s Counsel with Blank Rome LLP serving as Underwriter’s Counsel. Friedman LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
NMP Acquisition Corp. (NASDAQ:NMPAU) announced the pricing of its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “NMPAU”, Tuesday, July 1, 2025. The new SPAC plans to combine with a target company that has a resilient business model with potential to scale up revenue. NMP’s management...
Cohen Circle Acquisition Corp. II (NASDAQ:CCIIU) announced the pricing of its $220 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “CCIIU”, Tuesday, July 1, 2025. The new SPAC plans to combine with a target company in the financial services technology (fintech) sector and fintech adjacent sectors that...
Indigo Acquisition Corp. (NASDAQ:INACU) announced the pricing of its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “INACU”, Tuesday, July 1, 2025. The new SPAC plans to combine with an established, profitable company whose growth potential can benefit from its team’s expertise. Indigo’s management team is...
After a quiet June, July is set to be active throughout the month with nine de-SPACs and sponsors coming unlocked from their trading restrictions. This timing is most fortuitous for insurance investor Abacus Life (NASDAQ:ABL) and East Resources, which took it public in 2023, as it is the best performer of this group of companies...
Pyrophyte II (NYSE:PAII.U) has filed for a $175 million SPAC to dig for a natural resources target while the team’s first deal remains pending. The new SPAC is offering investors 1/2 warrants in each unit and it will have 24 months to complete a business combination without asking shareholders for an extension. It is the...