ELECU News

Electrum Special Acquisition, a blank check company focused on acquiring companies in the metals and mining industry, raised $175 million by offering 17.5 million units at $10. The SPAC originally planned to raise $150 million. It now commands a market cap of $213 million, or 13% more than previously anticipated. Each unit consists of one ordinary share and one warrant, and...read more

Electrum Special Acquisition, a blank check company focused on acquiring companies in the metals and mining industry, announced terms for its IPO on Thursday. The New York, NY-based company plans to raise $150 million by offering 15 million shares at $10 per share. At the IPO price, Electrum would command a fully diluted market value of $188 million. The company will be led by...read more