Stellar V Capital Corp. (NASDAQ:SVCCU) announced the pricing of its $150 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “SVCCU”, Thursday, January 30, 2025.
The new SPAC intends to pursue a broad search process but with a focus on completing a combination with an established business of scale poised for continued growth and led by a highly regarded management team.
Stellar V’s sponsor team is led by Co-Chief Executive Officer, President and Chairman Prokopios (Akis) Tsirigakis, and Co-Chief Executive Officer, Chief Financial Officer, and Director George Syllantavos. Anastasios (Tassos) Chrysostomidis will be Vice President of Business Development.
Nicolas Bornozis, Christopher Thomas and Harry Braunstein will serve on its Board of Directors.
Total SPAC deal count for 2025 year-to-date is now 8. This offering is expected to close on Friday, January 31, 2025.
BTIG, LLC is acting as sole book-running manager for the offering. Loeb & Loeb LLP is serving as Issuer’s Counsel with Ellenoff Grossman & Schole LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
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