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.
Compass Digital (NASDAQ:CDAQ) has entered into a definitive agreement to combine with renewable energy firm EEW at a pro forma enterprise value of $386 million. London-based EEW is a solar, hydrogen and energy storage project developer with 1.4 GW of solar projects sold to date in Australia, the UK, Spain, and Sweden. The combined company...
Evergreen (NASDAQ:EVGR) has entered into a definitive agreement to combine with enterprise software firm Forekast at a pre-money enterprise value of $105 million. The company provides data analytics and customer engagement tools backed by some degree of AI automation to improve efficiencies for its business clients. The combined company is expected to trade on the...
At the SPAC of Dawn The auto-reply messages are off. SPACs are definitively back from vacation and in the thick of it. Two new SPACs are set to debut in trading today in Vine Hill (NASDAQ:VCICU) and Andretti II (NASDAQ:POLEU) and two SPACs have also landed their search on new targets, which could pull a...
Vine Hill Capital Investment Corp. announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “VCICU”, Friday, September 6, 2024. The new SPAC intends to focus its search on a target business in the industrial and services industries, where it believes the expertise...
Andretti Acquisition Corp. II announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “POLEU”, Friday, September 6, 2024. The new SPAC intends to mount a broad search for a target with an attractive financial profile and a seasoned management team. Andretti II’s...