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A SPAC I Acquisition Priced, Nasdaq: ASCA

Blank check company targeting the TMT sector in the US and Asia (pending: NewGenIvf Group).

Industry: SPAC

Latest Trade: $9.43 0.00 (0.0%)

First Day Return: +0.4%

Return from IPO: -5.7%

Industry: SPAC

We are a newly incorporated blank check company. Our efforts to identify a prospective target business will not be limited to a particular industry or geographic location, except that we shall not undertake our initial business combination with any entity with its principal business operations in China (including Hong Kong and Macau). We currently intend to direct part of our efforts in United States and/or Asia (excluding China) and focus on sourcing opportunities that are in the technology, media and telecom sectors (TMT). We also intend to focus on prospective target businesses that have potential for revenue growth and/or operating margin expansion, and strong market positions within their industries. We will primarily seek to acquire one or more growth businesses with a total enterprise value of between $250 million and $600 million. At the time of preparing this prospectus, we do not have any specific business combination under consideration or contemplation, and we have not, nor has anyone on our behalf, contacted any prospective target business or had any discussions, formal or otherwise, with respect to such a transaction. Our efforts to date are limited to organizational activities related to this offering.
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IPO Data
IPO File Date 07/27/2021
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 02/14/2022
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 Hong Kong, China
Founded 2021
Employees 2

A SPAC I Acquisition (ASCA) Performance