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Commentary & News

Narcotics storage solutions provider Scripps Safe files and sets terms for a $15 million IPO

SCRP

Scripps Safe, which provides vaults and safes for narcotics storage, filed on Thursday with the SEC to raise up to $15 million in an initial public offering. The Naples, FL-based company plans to raise $15 million by offering 3 million shares at a price range of $4 to $6. At the midpoint of the proposed range, Scripps Safe would command a market value of $55 million. Scripps Safe...read more

Energy and infrastructure SPAC Intrepid Acquisition I withdraws $200 million IPO

IACIU

Intrepid Acquisition I, a blank check company formed by Intrepid Potash targeting energy, natural resources, and infrastructure, withdrew its plans for an initial public offering on Thursday. It had filed in January 2022 to raise $200 million by offering 20 million units at $10, with each unit containing one share of common stock and one-half of a warrant. The company had not...read more

SPAC AlphaTime Acquisition files for a $60 million IPO, targeting business in Asia

AlphaTime Acquisition, a blank check company targeting businesses in Asia, filed on Wednesday with the SEC to raise up to $60 million in an initial public offering. The New York, NY-based company plans to raise $60 million by offering 6 million units at $10. Each unit consists of one share of common stock, one right to receive one-tenth of a share upon the completion of an initial...read more

Mortgage lender Alpha Investment withdraws $10 million Nasdaq uplisting

ALPC

Alpha Investment, a mortgage lender backed by Omega Commercial Finance, withdrew its plans for an initial public offering on Wednesday. It had originally filed in February 2020 and most recently planned to raise $10 million by offering 2 million shares at $5. Alpha Investment is currently quoted on the OTC Pink (ALPC) but is not trading. The Columbus, OH-based company was...read more