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Origin Investment Corp I Announces Full Exercise and Closing of the Over-Allotment Option in Connection with its Initial Public Offering
Globenewswire· 2025-07-18 21:29
Company Overview - Origin Investment Corp I is a newly organized special purpose acquisition company (SPAC) formed to effect a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities [5] - The company intends to focus its search for a target business in Asia, but will not engage in business combinations with entities in China or those with operations consolidated through a variable interest entity structure [5] Recent Developments - The underwriters of the company's recently completed initial public offering (IPO) have fully exercised their option to purchase an additional 900,000 units at a price of $10.00 per unit, before underwriting discounts [1] - The issuance and sale of these additional units closed on July 18, 2025, following the completion of the IPO on July 3, 2025 [1] Offering Details - ThinkEquity acted as the sole book-running manager for the offering [2] - A registration statement on Form S-1 was filed with the Securities and Exchange Commission (SEC) and became effective on July 1, 2025, with the offering made only by means of a prospectus [3]
LightWave Acquisition Corp. Announces Closing of $215,625,000 Initial Public Offering, Including Full Exercise of Underwriters' Over-Allotment Option
Globenewswire· 2025-06-26 19:07
Group 1 - LightWave Acquisition Corp. closed its initial public offering (IPO) of 21,562,500 units at an offering price of $10.00 per unit, including the full exercise of the underwriters' over-allotment option for an additional 2,812,500 units [1] - Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, with whole warrants allowing the purchase of one Class A ordinary share at $11.50 per share [1] - The units are listed on the Nasdaq Global Market under the ticker symbol "LWACU," with separate trading expected for Class A ordinary shares and warrants under the symbols "LWAC" and "LWACW," respectively [1] Group 2 - The net proceeds from the offering and a simultaneous private placement of units will be used to pursue and consummate a business combination with one or more businesses [2] - BTIG, LLC is the sole book-running manager for the offering, while Roberts and Ryan, Inc. acts as co-manager [2] Group 3 - LightWave Acquisition Corp. is a special purpose acquisition company (SPAC) formed to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination, primarily focusing on the technology industry [5] - The management team includes Robert M. Bennett as CEO and Chairman, and William W. Bunker as CFO and Vice Chairman, along with board members Robert Hochberg, Charlotte S. Blechman, and Allen C. Dickason [5]
BEST SPAC I Acquisition Corp. Announces Pricing of $55 Million Initial Public Offering
Prnewswire· 2025-06-13 00:00
Company Overview - BEST SPAC I Acquisition Corp. is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses [5] Initial Public Offering (IPO) Details - The company announced the pricing of its initial public offering of 5,500,000 units at an offering price of $10.00 per unit, with each unit consisting of one Class A ordinary share and one right [1] - Each right entitles the holder to receive one-tenth (1/10) of one Class A ordinary share upon consummation of the company's initial business combination [1] - The units are expected to trade on the Nasdaq Capital Market under the ticker symbol "BSAAU" beginning on June 13, 2025 [1] - The offering is expected to close on June 16, 2025, subject to customary closing conditions [2] Underwriting and Additional Options - Maxim Group LLC is acting as the sole book-running manager for the offering [2] - The company has granted the underwriter a 45-day option to purchase up to 825,000 additional units at the initial public offering price less the underwriting discount to cover over-allotments [2] Regulatory Information - A registration statement on Form S-1 relating to the securities to be sold in the initial public offering was declared effective by the U.S. Securities and Exchange Commission on June 12, 2025 [3]
Namib Minerals and Hennessy Capital Investment Corp. VI Announce Closing of Business Combination
Globenewswire· 2025-06-05 16:10
Company Overview - Namib Minerals is set to trade under the ticker "NAMM" on Nasdaq starting June 6, 2025, marking it as the largest African company to go public via SPAC [1] - The business combination with Hennessy Capital Investment Corp. VI (HCVI) was approved by HCVI stockholders on May 6, 2025 [1][3] - Namib Minerals has a historical track record of over two decades in gold mining, with one producing gold mine and two historically producing mines currently being prepared for restart [2] Mining Assets and Operations - Namib's How Mine has produced approximately 1.82 million ounces of gold from 1941 to December 31, 2024, and is known for its low production costs [2] - The company also holds significant mineral resources in its other principal assets, Mazowe Mine and Redwing Mine, which are in the process of restarting operations [2] - In the Democratic Republic of Congo (DRC), Namib has interests in 13 exploration permits, including identified copper and cobalt potential [2] Strategic Goals and Future Outlook - The CEO of Namib stated that becoming a publicly listed company will accelerate development across its portfolio and enhance its role in African mining [2] - The merger is expected to position Namib for further expansion of its mining assets and strategic investments to create sustained value for stakeholders [3] - Namib aims to drive sustainable growth and innovation in Zimbabwe's mining industry while exploring alternative areas of growth [4]
Kochav Defense Acquisition Corp. Announces Completion of $253 Million IPO
Globenewswire· 2025-05-29 15:42
Group 1 - The company, Kochav Defense Acquisition Corp., successfully closed its initial public offering (IPO) of 25,300,000 units at a price of $10.00 per unit, generating gross proceeds of $253 million [1] - The IPO included 3,300,000 units from the underwriters' over-allotment option, and the units began trading on Nasdaq under the symbol "KCHVU" on May 28, 2025 [1] - Each unit consists of one Class A ordinary share and one right to receive one-seventh (1/7) of a Class A ordinary share upon the completion of the company's initial business combination [1] Group 2 - Concurrently with the IPO, the company closed a private placement of 524,050 units at the same price of $10.00 per unit, resulting in gross proceeds of $5.24 million [2] - The private placement units are identical to those sold in the IPO, with certain limited exceptions [2] Group 3 - The company is a blank check company formed to pursue mergers, amalgamations, share exchanges, asset acquisitions, share purchases, reorganizations, or similar business combinations, primarily focusing on the defense and aerospace industries [3] - The management team includes Menny Shalom as CEO and Asaf Yarkoni as CFO, along with independent directors Doron Dovrat, Yair Ramati, and Gill Zaphrir [3] Group 4 - SPAC Advisory Partners LLC acted as the sole book-running manager for the offering, with legal counsel provided by Ellenoff Grossman & Schole LLP and Appleby (Cayman) Ltd. [4]
Blade Mobility Stock Soars—Is This SPAC Finally Taking Off?
MarketBeat· 2025-05-15 11:50
Core Viewpoint - Blade Mobility Inc. has seen a significant stock increase of over 18% following the release of its first-quarter earnings, highlighting positive financial performance and growth potential in the air mobility sector [1][3]. Company Overview - Blade Mobility operates in the air transport sector, offering services through a fleet that includes helicopters, private jets, turboprops, and amphibious seaplanes. The business is divided into two main verticals: Medical Services (58% of revenue) and Passenger Services (42% of revenue) [2][3]. Financial Performance - The company reported revenue of $54.3 million, exceeding expectations of $49.3 million, marking a 10% increase. The earnings per share showed a loss of four cents, which was better than the anticipated loss of 11 cents. Notably, Blade achieved its first-ever EBITDA profit of $0.1 million in the passenger segment [3][4]. - Blade reaffirmed its full-year revenue guidance of $245 million to $265 million, indicating a potential 2% year-over-year gain, driven by reduced aircraft maintenance and ongoing cost-saving measures [4]. Market Position and Future Outlook - Blade Mobility went public via a SPAC in 2020 and, despite facing challenges in the past, has shown resilience with a stock recovery from its 52-week low. The recent earnings report has positioned the stock above its 200-day simple moving average, suggesting bullish momentum [5][7]. - The air mobility sector is expanding, with growing interest in eVTOLs. Blade's core business in organ transport provides a significant first-mover advantage, making it less vulnerable to competition from companies like Joby Aviation and Archer Aviation [8]. - Analysts project a 12-month stock price forecast of $6.25, representing an 80.64% upside from the current price of $3.46, with a consensus indicating a bullish sentiment towards the stock [9][10].