STLRU News

Stellaris Growth Acquisition, a blank check company focusing on the data centers and internet technology sectors, filed on Thursday with the SEC to raise up to $128 million in an initial public offering. The Jakarta, Indonesia-based company plans to raise $128 million by offering 12.8 million units at $10. Each unit consists of one share of common stock, one-half of a warrant...read more

Just one small blank check company went public this past week, in the doldrums of the IPO market's annual summer slowdown. Stellar Acquisition III (STLRU), which raised $65 million in a downsized offering, is a Greece-based SPAC looking to acquire an energy logistics business, such as a tanker operator. We do not include SPACs in our IPO stats. The average...read more

Stellar Acquisition III, a Greek blank check company formed to acquire an international energy logistics company, raised $65 million by offering 6.5 million shares at $10, as expected. The company had originally filed to offer 8.0 million shares, but decreased the size of the offering earlier this week. Stellar Acquisition III plans to list on the Nasdaq under the symbol STLRU....read more

Stellar Acquisition III, a greek blank check company formed to acquire an international energy logistics company, lowered the proposed deal size for its upcoming IPO on Monday. The Athens, Greece-based company now plans to raise $65 million by offering 6.5 million shares at a price of $10. The company had previously filed to offer 8 million shares at the same price. At $10,...read more