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.
At the SPAC of Dawn Today kicks off with an SEC holiday that may cool activity until Tuesday, but SPACs have still scheduled a pair of extension votes and completion votes this week, most of which are scheduled for tomorrow. Tuesday is also to play host to a vote for Investcorp India (NASDAQ:IVCA) shareholders to...
Terms Tracker for the Week Ending October 11, 2024 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. This week was sandwiched in between the Rosh Hashanah and Yom Kippur holidays, and as such, it was on the lighter side for news. In...
Much has been written about the rise and fall of companies from the last SPAC cycle. But, the turning tides of the past month would seem to suggest that perhaps more than a SPAC-specific trend, what the market saw was mostly macro factors all along. In the aggregate, the 199 companies that listed via DeSPAC...
At the SPAC of Dawn October is quickly catching up to last month’s SPAC IPO figures and is now pacing to break them with two more SPACs pricing last night. This comes amid continued signals that the IPOs of all kinds are not keeping up with rising market sentiment and a high demand for private...
Rising Dragon Acquisition Corp. announced the pricing of its $50 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “RDACU”, Friday, October 11, 2024. The new SPAC does not plan to target a particular industry or geography in its combination search but plans to leverage the experience of...