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Global Lights Acquisition Priced, Nasdaq: GLACU

Blank check company targeting businesses focused on sustainability.

Industry: SPAC

Latest Trade: $10.35 +0.17 (+1.7%)

First Day Return: +1.6%

Return from IPO: +1.8%

Industry: SPAC

We are a blank check company. Climate change is a global problem facing the mankind. The increasing emission of Carbon Dioxide (CO2), along with various other greenhouse gases, have posed a global threat to the ecosystem on the Earth. To achieve carbon neutrality, we believe both reduction of carbon emissions and increase of carbon capture are necessary. For this cause, we cast our attention onto several investment-worthy areas: (1) clean energy, (2) green financing, (3) circular economy, (4) energy technology, (5) low carbon consumption, and (6) carbon capture and storage, or CCS. While we may pursue an acquisition or a business combination target in any business, industry or geography, we intend to focus our search on a target that provides solutions promoting sustainable development and focuses on environmentally sound infrastructure and industrial applications that eliminate or mitigate greenhouse gas emissions, and/or enhance resilience to climate change. Our efforts in identifying prospective target businesses will not be limited to a particular geographic region. We believe that we will add value to these businesses primarily by providing them with access to the U.S. capital markets.
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IPO Data
IPO File Date 09/22/2023
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 6.0
Deal Size ($mm) $60
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 11/13/2023
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 6.0
Deal Size ($mm) $60
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Chardan Capital Markets
Company Data
Headquarters Beijing, China
Founded 2021
Employees 4

Global Lights Acquisition (GLACU) Performance