Ribbon Acquisition Corp. (NASDAQ:RIBBU) announced the pricing of its $50 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “RIBBU”, Wednesday, January 15, 2025.
The new SPAC intends to take a generalist approach in searching for a business combination, but will not consider targets located in China.
Ribbon’s sponsor team is led by Chairperson and Chief Executive Officer Angshuman (Bubai) Ghosh and Chief Financial Officer Zhiyang (Anna) Zhou. James Zhao-Hui Zhang, Kani Cheng and Jon Nathan Miller will serve on its Board of Directors.
Total SPAC deal count for 2025 year-to-date is now 3. This offering is expected to close on Thursday, January 16, 2025.
A.G.P./Alliance Global Partners is acting as the sole book-running manager for the offering. The Benchmark Company, LLC is acting as the co-manager for the offering. Sichenzia Ross Ference LLP is serving as Issuer’s Counsel with Loeb & Loeb LLP serving as Underwriter’s Counsel. Audit Alliance LLP serves as auditor. Odyssey Trust Company is acting as trustee.
At the SPAC of Dawn The sudden burst of SPAC activity this week slowed down after the closing bell yesterday as the market faces a period sandwiched between CPI and PPI readouts. Yesterday’s CPI news and Fed Chair Jerome Powell’s comments before Congress did not provide an instant relief in terms of clarity on a...
Maywood Acquisition Corp. (NASDAQ:MAYAU) announced the pricing of its $75 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “MAYAU”, Thursday, February 13, 2025. Maywood will have a broad search focus and will pursue an initial business combination in any industry or geographic location. The team is led...
Artius II Acquisition Inc. (NASDAQ:AACBU) announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “AACBU”, Thursday, February 13, 2025. Artius II intends to search for a target company with a technology-enabled business with opportunities that have multiple vectors to create value post-combination....
It’s been an active week for Cohen & Company having filed four new SPACs in less than a week. Crane Harbor Acquisition Corp. (NASDAQ:CHACU) is the latest Cohen IPO filing and shows the former Osprey team as sponsors. Name changes for teams have been a trend for the past year or so and feels a...
Harvard Ave Acquisition Corporation (NASDAQ:HAVAU) has filed for a $250 million SPAC in a deal that significantly nudges upwards the prominence of D. Boral in the 2025 SPAC market to-date. Early 2025 filing activity has brought out some of the most biggest underwriters in SPACs, but, with Harvard Ave, the title of largest proposed SPAC...