Global Lights Acquisition today announced that it closed its initial public offering of 6.9 million units, including the full exercise of the underwriter’s over-allotment option.
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..
Units list on the Nasdaq Global under the ticker symbol GLAC. Each consists of a share and one right to receive one-sixth of a share upon completion of a merger.
After the securities begin separate trading, ordinary shares and rights are expected to list under the symbols GLAC and GLACR.
Chardan Capital Markets was sole book-running manager of the offering.
Robinson & Cole served as the U.S. counsel to Global Lights and Loeb & Loeb served as United States counsel to the representative of the underwriters. Read more.
