ECACU News

E-compass Acquisition, a blank check company formed to acquire an e-commerce business in China, raised $40 million by offering 4 million shares at $10, as expected. E-compass Acquisition plans to list on the Nasdaq under the symbol ECACU. E-compass Acquisition initially filed confidentially on 11/17/2014. Cantor Fitzgerald acted as a lead manager on the deal....read more

E-compass Acquisition, a blank check company formed to acquire an e-commerce business in China, announced terms for its IPO on Tuesday. The Beijing, China-based company plans to raise $40 million by offering 4.0 million units at $10. At that price it would command a market value of $52 million. The company's management was behind the IPO of China-focused blank check...read more