TRADING QUOTES 5:40 AM January 20, 2022
Business CombinationIPO Terms Details
SPAC name: Sagaliam Acquisition Corp.
| CURRENT FUNDS in TRUST: | $116,154,296* |
| EST. PRO RATA AMOUNT IN TRUST: | $10.10* |
| IMPLIED ENTERPRISE VALUE: | 0 |
| RECORD DATE: | TBD |
| SHAREHOLDER VOTE DATE: | TBD |
| Source: SEC.gov filings and SPAC Insider estimates | |
|---|---|
SPAC name: Sagaliam Acquisition Corp.
| Total Public Proceeds at IPO ($mm): | 115.0 |
| % Held in Trust: | 101.0 |
| $ Held in Trust per Unit: | $ 10.10 |
| Mgmt's Sector Expertise/Focus: | TMT |
| IPO Date: | 2021-12-21 |
| Months to Complete: | 12 |
| Deadline Date: | 2022-12-23 |
| Unit Structure (SAGAU) | |
| Share (SAGA): | 1 Share Series A Common Stock |
| Warrant (---): | None Warrant |
| Right(SAGAR) | 1 for 1/8 |
| Public Warrant Terms: | |
| Exercise Price: | N/A |
| Redemption Price: | N/A |
| Redemption: Cash, Cashless or for Shares | N/A |
| Underwriters: | |
| Book-runner(s): | EF Hutton |
| Co-Manager(s): | |
| Fees (Upfront/Deferred): | 2.0%/3.5% |
| Lawyers: | |
| Issuer's Counsel: | Ellenoff Grossman & Schole LLP |
| Underwriter's Counsel: | Harter Secrest & Emery LLP |
| Additional Terms: | 1. Crescent term: None 2. Limitation on redemption rights: 15% 3. Up to 10 QIBs have expressed interest in 9.9% of the Units at the Offering 4. Can extend 2x for 3 months at $0.10/extension 5. FS Lock-Up: 6 months or trading at $12.00 for 20-30 day period |
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