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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]
ABL Investors Have Opportunity to Join Abacus Global Management, Inc. Fraud Investigation with the Schall Law Firm
Prnewswire· 2025-06-11 14:05
Core Viewpoint - The Schall Law Firm is investigating Abacus Global Management, Inc. for potential violations of securities laws, particularly concerning misleading statements and undisclosed information [1][2]. Group 1: Investigation Details - The investigation centers on whether Abacus issued false or misleading statements and failed to disclose critical information to investors [2]. - A report by Morpheus Research claims that Abacus changed its portfolio valuation methodology to present a more favorable financial picture, suggesting that the company is involved in an accounting scheme related to life settlements [2]. Group 2: Company Background - Abacus Global Management is identified as a SPAC (Special Purpose Acquisition Company) with a valuation of $794 million [2]. - The report also raises concerns about the methodologies used by Abacus to estimate life expectancy, indicating potential irregularities in their calculations [2]. Group 3: Legal Representation - The Schall Law Firm is reaching out to shareholders who may have suffered losses and is offering free consultations regarding their rights [3].
Eureka Acquisition Corp Announces the Redemption Request Deadline as June 17, 2025 for the Upcoming Extraordinary General Meeting to be Held on June 20, 2025
GlobeNewswire News Room· 2025-06-05 20:00
Core Points - Eureka Acquisition Corp has set June 17, 2025, as the deadline for shareholders to submit redemption requests ahead of the Extraordinary General Meeting scheduled for June 20, 2025 [1] - The meeting will not have any changes to its location, record date, or proposals to be acted upon [2] - Eureka Acquisition Corp is classified as a blank check company or SPAC, aimed at executing mergers, share exchanges, asset acquisitions, or similar business combinations [3] Additional Information - The Company filed a definitive proxy statement with the SEC on June 3, 2025, related to the solicitation of proxies for the Extraordinary General Meeting [5] - Shareholders are encouraged to read the definitive proxy statement and any amendments for important information regarding the meeting and redemption requests [5] - Contact information for inquiries regarding the meeting and proxy solicitation is provided, including details for the Company's proxy solicitor [2][8]