Hainan Manaslu Acquisition Corp. priced its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “HMACU” Thursday, August 11, 2022.
The new SPAC aims to focus on targets with high growth potential in the post COVID-19 market including companies targeting vast consumer segments, platform based businesses, and products targeting the younger generation of consumers. Hainan Manaslu is led by Chairman and CEO Zhifan Zhou, CFO Wenyi Shen, and CIO Xun Zhang.
Total SPAC deal count for 2022 year-to-date is now 74. This offering is expected to close on Monday, August 15.
Ladenburg Thalmann & Co. Inc. is acting as sole book-running manager for the IPO. Ellenoff Grossman & Schole LLP is serving as Issuer’s Counsel with Blank Rome LLP serving as Underwriter’s Counsel. Friedman LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
Southport (OTC:PORT) has entered into a definitive agreement to combine with Angel Studios at a pro forma enterprise value of $1.56 billion. Angel Studios produces film and TV content for both streaming and theatrical releases. The combined company is expected to trade on the NYSE or Nasdaq under the symbol “AGSD” once the deal is...
At the SPAC of Dawn Anyone hoping for fireworks at last night’s US presidential debate was unlikely to have been disappointed. But, for many industries and family pets just hoping to be left out of it, it was no dice. On the SPAC side of things, of course no de-SPAC is more tied to this...
At the SPAC of Dawn The market may be in for a rollercoaster 24 hours of macro indicators. Just as the first presidential debate reset market expectations about the political direction of the US, so too did a switch at the top of the ticket by one of the major parties. At 9 pm ET...
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Terms Tracker for the Week Ending September 6, 2024 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. It was a short holiday week and while it was light on filings, SPACs did manage to price two IPOs. That means 2024 has now...