Renaissance Capital logo

Melar Acquisition I Priced, Nasdaq: MACIU

Blank check company targeting the "emerging finance" sector.

Industry: SPAC

Latest Trade: $10.02 0.00 (0.0%)

First Day Return: 0.0%

Return from IPO: +0.2%

Industry: SPAC

We are a blank check company. We may pursue an initial business combination in any business or industry but expect to focus on a target in retail finance, specialty finance, or financial technology that are positioned to benefit directly from the growth of economic stability and financial technologies in their target markets, a sector which we refer to as “emerging finance.” We plan to focus our pursuit for business combination opportunities with companies operating in the emerging finance sector, including but not limited to, specialty finance companies, alternative lenders, payments businesses, fintech companies and similar businesses. These include, but are not limited to, businesses that make loans to consumers, small enterprises, household asset purchasers, students and other individuals, as well as businesses that offer them payments, financing and other services. Our officers and directors consist of seasoned investors and industry executives with an extensive track record of identifying, investing, building, operating and advising leading businesses. In particular, the team possesses a deep understanding of multiple sectors within emerging finance, including retail finance, specialty finance, renewable energy financing, financial technology and real estate finance.
more less
IPO Data
IPO File Date 05/31/2024
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 15.0
Deal Size ($mm) $150
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 06/17/2024
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 15.0
Deal Size ($mm) $150
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Cohen & Company Securities
Seaport Global
Company Data
Headquarters New York, NY, United States
Founded 2024
Employees 3

Melar Acquisition I (MACIU) Performance