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Global SPAC Partners Priced, Nasdaq: GLSPU

Blank check company targeting businesses in MENA and South Asia.

Industry: SPAC

Latest Trade: $10.60 0.00 (0.0%)

First Day Return: -0.6%

Return from IPO: +6.0%

Industry: SPAC

We are a blank check company. Our initial strategy is to identify a business combination target within the Middle East, North Africa (MENA) or South & Southeast Asian regions. Although we are not limited to any specific industry, our team of professionals consisting of our officers and directors has had significant experience investing in industries which produce relatively secure and predictable returns, such as infrastructure and utility type industries. Although we intend to pursue a company with operations, ownership or headquarters within the targeted regions, we are not limited to doing so. Our sponsor group includes our management team, which has extensive prior experience sponsoring special purpose acquisition companies, or SPACs. Our sponsor is backed by a portfolio entity of the investment fund managed by ASMA Capital Partners B.S.C. (ASMA Capital). ASMA Capital will also assist us in our search for an initial business combination target. We believe that ASMA Capital’s relationships within our target regions and experience in investing in companies similar in profile to those we will be searching for, will assist us greatly and help identify several attractive potential business combination targets.
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IPO News for Global SPAC Partners
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IPO Data
IPO File Date 10/13/2020
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 16.0
Deal Size ($mm) $160
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 04/08/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 16.0
Deal Size ($mm) $160
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters Claymont, DE
Founded 2020
Employees 3