Global Lights Acquisition today priced its initial public offering of 6 million units at $10 each. A unit consists of one share and one right good for one-sixth of a share upon completion of a merger.
The units began listing today on the Nasdaq Global under the ticker symbol GLACU. After the securities begin separate trading, shares and rights are expected to list under the symbols GLAC and GLACR.
The Beijing-based SPAC is focused on sustainability, particularly companies engaged in the elimination or mitigation of greenhouse gas emissions, or enhanced resilience to climate change..
Chairman and CEO Zhizhuang Miao since July 2018 has been the founder of Guizhou Zhonghuanjiancheng Circular Economy Industry Co., Ltd, a company that focuses on the development and promotion of comprehensive environmental protection solutions and resource recycling technologies as well as investment in renewable resource industrial parks.
The offering is expected to close Nov. 16. Read more.
