DT Cloud Star announced the pricing of its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “DTSQU”, Thursday, July 25, 2024.
The new SPAC aims to combine with an established business with long-term financial visibility, but has not limited itself to a particular industry or sector.
DT Cloud Star’s sponsor team is to be led by Chairman and CEO Bian Fan alongside CFO Kenneth Lam and COO Jiayi Liang. Its Board is to be made up of nominees Shaoke Li, Longjiao Li and Chi Zhang.
Total SPAC deal count for 2024 year-to-date is now 20. This offering is expected to close on Friday, July 26, 2024.
A.G.P./Alliance Global Partners is acting as the sole book-running manager for the offering. Wilson Sonsini Goodrich & Rosati LLP is serving as Issuer’s Counsel with Sichenzia Ross Ference Carmel LLP serving as Underwriter’s Counsel. UHY LLP serves as auditor. Wilmington Trust is acting as trustee.
Terms Tracker for the Week Ending April 25, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. Everybody’s back in the pool. Two more SPACs filed this week while four others priced their IPOs. Additionally five SPACs announced their combinations, breaking the...
At the SPAC of Dawn After a cheery string of good news indicators, futures remain green heading into the final trading session of the week. The final reading for consumer sentiments is to come at about 10 am, which will hopefully match the market’s recent mood. There is some time delay on this indicator, however,...
Inflection Point Acquisition Corp. III (NASDAQ:IPCXU) announced the pricing of its $220 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “IPCXU”, Friday, April 25, 2025. The new SPAC aims to combine with a disruptive technology company in North America or Europe that is customer-focused and adaptable to...
Crane Harbor Acquisition Corp. (NASDAQ:CHACU) announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “CHACU”, Friday, April 25, 2025. The Company’s primary focus will be to identify companies in the technology, real assets, and energy sectors. Crane Harbor’s management team is led...
Flag Ship Acquisition Corporation (NASDAQ:FSHP) has entered into a definitive agreement to combine with Great Future under so far undisclosed terms. Transaction Overview Flag Ship has about $71.6 million in its current trust and has until September 20, 2025 to complete a business combination but may extend up to nine times for one month each...