Global SPAC Partners priced its IPO of 16 million units at $10 each. The offering was 4 million units fewer than the SPAC initially registered nearly six months ago.
Units list on the Nasdaq and begin trading today under GLSPU. Each consists of one subunit and one-half of a redeemable warrant. Each subunit consists of one Class A ordinary share and one-quarter of a redeemable warrant. Each full warrant is exercisable at $11.50.
Once the securities comprising the units begin separate trading, subunits and warrants are expected to list under GLSPT and GLSPW, respectively.
The offering is expected to close April 13.
The SPAC intends to concentrate its efforts on identifying businesses in the Middle East, North Africa and South & Southeast Asia regions. Read more.
