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African Gold Acquisition Priced, NYSE: AGAC.U

Blank check company led by South African investors and operators targeting the gold mining industry (liquidated on 9/11/2023).

Industry: SPAC

Latest Trade: $9.00 -1.56 (-14.8%)

First Day Return: 0.0%

Return from IPO: +5.6%

Industry: SPAC

We are a blank check company incorporated on November 17, 2020 as a Cayman Islands exempted company created with the purpose of effecting a merger or mergers, amalgamation, share exchange, share purchase, asset acquisition, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any specific business combination target and we have not, nor has anyone on our behalf, engaged in substantive discussions, directly or indirectly, with any business combination target with respect to an initial business combination with us. While we may pursue an initial business combination target in any industry or geographic region, we intend to focus our search on gold mining businesses that would benefit from access to public markets and the operational and strategic expertise of our management team. We will seek to leverage this experience and the industry networks our management team has developed to identify, evaluate and consummate value accretive transactions in this space with the ultimate goal of pursuing attractive returns for our shareholders.
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IPO Data
IPO File Date 01/07/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 36.0
Deal Size ($mm) $360
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 02/25/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 36.0
Deal Size ($mm) $360
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
B. Riley Securities
Company Data
Headquarters New York, NY, United States
Founded 2020
Employees 3

African Gold Acquisition (AGAC.U) Performance