SPAC Global SPAC Investors ASMA Investment Documents A Million Dollars IPO
The blank check business ASMA Finance, Lobal SPAC Partners, targeting companies in MENA and South Asia, sent a request to the SEC Tuesday for an initial public bid of up to $ 200 million.The DE-based Claymont Group plans to raise $200 million by selling $10 million for 20 million units. Each unit contains one sub-unit and half a $11.50 warrant. There is one common stock share in every subunit and one fifth of a warrant. Anchor buyers plan to buy units in the deal worth $50 million. The proposed agreement would have a market valuation of $256 million for Global SPAC Partners NASDAQ: GLSPU.
The company is headed by the former Latam & Watkins Associate and former COO of SPAC Tweelve Seas Investment, President Abu Chowdihury, Chief Executive Officer and CEO and Bryant Edwards, for which SPAC Twelve Seas Investment was released in June 2018 and has been merged with Brooge Holdings in October 2019 (BROG, -11 percent from the OPR 10 USD).
While it has yet to pick the priority market, Global SPAC Partners aims to target companies with predictable cash flow production, high barriers to access and solid balance sheets in the Middle East and North African (MENA) or Southeast Asian regions.In 2020 , Global SPAC Partners was formed with plans to list the GLSPU symbols in the Nasdaq. On 25 August 2020, the company filed it in confidence. The sole bookrunner of the deal is I-Bankers Securities.
The NASDAQ:GLSPU weekly recap
Initial filings were filed by one IPO and nine SPACs. IN8bio (INAB) has raised $86 million from Cancer Biotech. Investindustrial Investment Group (IIAC.U) has raised $350 million for European investment group. The third SPAC dMy Technology Group III (DMYI.U) both applied for raise of $250 million, Niccolo de Masi and Harry SPAC Natural Contracts Acquisition (NOACU) and Harry.
The second Victory Park SPAC L&F Merger and the Global SPAC Partners NASDAQ: GLSPU of ASMA Capital have also submitted a $200 million increase. The second Hennessy Capital Partner SPAC to raise $175 million has been applied for PropTech Investment II (PTICU). Kingswood Group’s Kingswood Transaction has raised $150 million; LifeSci Capital’s second, SPC LifeSci Acquisition II (LSAQ) has raised $125 million. LifeSci Group has raised $75 million.
Spinal Elements Holdings (SPEL) manufacturer of medical instruments delayed their IPO of $108 million. While the pandemic triggered a downturn in the industry ‘s revenues for surgical equipment suppliers, Spinal Elements have saw sluggish growth in 2019 along with sharp losses and strong rivalry. If you want to do stock trading, you can check more information at https://www.webull.com/quote/rankactive.
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