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Insight Digital Partners II Announces Closing of $172.5 Million Initial Public Offering Including Exercise of Underwriters' Over-Allotment Option in Full
Globenewswire· 2025-10-30 16:40
Core Points - Insight Digital Partners II has successfully closed its initial public offering (IPO) of 17,250,000 units at a public offering price of $10.00 per unit, including 2,250,000 units from the underwriters' over-allotment option [1] - The units began trading on Nasdaq under the ticker symbol "DYORU" on October 29, 2025, with Class A ordinary shares and warrants expected to be listed under "DYOR" and "DYORW" respectively [2] - The company also completed a private placement of 5,450,000 warrants at $1.00 per warrant, generating gross proceeds of $5,450,000, with a total of $172,500,000 placed in trust from the IPO and private placement [3] Company Overview - Insight Digital Partners II is a blank check company aimed at executing mergers, amalgamations, share exchanges, asset acquisitions, or similar business combinations, targeting high-growth sectors within the digital economy [4] - The company plans to focus on opportunities in areas such as infrastructure for stablecoins and digital payments, staking and mining operations, trading platforms, and high-performance computing, as well as innovative energy solutions [4] Management and Underwriting - Cohen & Company Capital Markets acted as the sole book-running manager for the offering [5]
Apex Treasury Corporation Announces Closing of Upsized $344.7 Million Initial Public Offering Including Exercise of Underwriters’ Over-Allotment Option
Globenewswire· 2025-10-29 18:34
Core Points - Apex Treasury Corporation has successfully closed its upsized initial public offering (IPO) of 34,470,000 units at a public offering price of $10.00 per unit, which includes 4,470,000 units from the underwriters' over-allotment option [1] - Each unit consists of one Class A ordinary share and one-half of a redeemable warrant, with each whole warrant exercisable to purchase one Class A ordinary share at a price of $11.50 [1] - The units began trading on The Nasdaq Global Market under the ticker symbol "APXTU" on October 28, 2025, with separate trading expected for Class A ordinary shares and warrants under the symbols "APXT" and "APXTW" respectively [2] - Concurrently, the company closed a private placement of 8,894,000 warrants at $1.00 per warrant, generating gross proceeds of $8,894,000, with a total of $344,700,000 placed in trust from the IPO and private placement [3] - Apex Treasury Corporation is a blank check company aimed at effecting a merger or similar business combination, initially focusing on opportunities in the digital asset sector [4] - Cohen & Company Capital Markets acted as the sole book-running manager for the offering [5]
Highview Merger Corp. Announces the Separate Trading of its Class A Ordinary Shares and Warrants, Commencing on or about October 2, 2025
Globenewswire· 2025-09-30 10:00
Core Points - Highview Merger Corp. announced that holders of units from its initial public offering can separately trade Class A ordinary shares and redeemable warrants starting October 2, 2025 [1] - The units will continue to trade on Nasdaq under the symbol "HVMCU", while Class A ordinary shares and warrants will trade under "HVMC" and "HVMCW" respectively [1] - The company is a special purpose acquisition company (SPAC) aimed at merging or acquiring businesses [3] Company Information - Highview Merger Corp. is led by CEO and CFO David Boris and President Taylor Rettig [3] - The registration statement for the securities was declared effective by the SEC on August 11, 2025 [2]
Galata Acquisition Corp. II Completes $172.5 Million Initial Public Offering
Globenewswire· 2025-09-22 20:05
Core Points - Galata Acquisition Corp. II has successfully closed its initial public offering (IPO) of 17,250,000 units, generating gross proceeds of $172,500,000 at a price of $10.00 per unit [1][3] - The units began trading on September 19, 2025, on Nasdaq under the ticker symbol "LATAU," with each unit comprising one Class A ordinary share and one-third of a redeemable warrant [2] - The company is a blank check entity aimed at pursuing mergers or acquisitions across various sectors, including energy, fintech, real estate, and technology [4] Financial Details - The IPO included an over-allotment option that was fully exercised, resulting in the issuance of an additional 2,250,000 units [1] - A total of $172,500,000 from the IPO proceeds has been placed in trust [3] Management Team - The management team is led by Daniel Freifeld (Chief Investment Officer and Chairman), Craig Perry (Chief Executive Officer), William Weir (President and COO), and Powers Spencer (Chief Financial Officer) [5] - The Board of Directors includes Douglas Lute, Agostina Nieves, and Andy Abell [5] Regulatory Information - The registration statement for the securities was declared effective by the U.S. Securities and Exchange Commission (SEC) on September 18, 2025 [6]
Pyrophyte Acquisition Corp. II Announces Closing of Over-Allotment Option, Resulting in Total Gross Proceeds of $200.4 Million in Initial Public Offering
Globenewswire· 2025-07-29 12:00
Core Points - Pyrophyte Acquisition Corp. II has completed the sale of an additional 2,541,150 units at $10.00 per unit, generating gross proceeds of $25,411,500 [1] - The total gross proceeds from the initial public offering and the over-allotment option, along with a private placement of warrants, amount to $200,411,500 [3] - The company is a blank check company aiming to pursue business combinations primarily in the energy sector [4] Summary by Sections Initial Public Offering - The units began trading on the NYSE under the ticker symbol "PAII.U" on July 17, 2025 [2] - Each unit consists of one Class A ordinary share and one-half of a redeemable warrant, with each whole warrant exercisable at $11.50 per share [1] Private Placement - Concurrently with the IPO, the company closed a private placement of 5,050,000 warrants at $1.00 per warrant, resulting in gross proceeds of $5,050,000 [3] - Each private placement warrant is also exercisable to purchase one Class A ordinary share at $11.50 per share [3] Company Overview - Pyrophyte Acquisition Corp. II is formed to effect mergers, amalgamations, share exchanges, asset acquisitions, or similar business combinations [4] - The company may target opportunities in any industry but expects to focus on the energy sector [4] Underwriters - UBS Investment Bank served as the lead book-running manager, while Brookline Capital Markets acted as the co-manager of the offering [5]