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Energy transition SPAC VIKASA SPAC Series I Acquisition withdraws $200 million IPO

VIKASA SPAC Series I Acquisition, a blank check company targeting energy transition, withdrew its plans for an initial public offering on Monday. It had filed in March 2022 to raise $200 million by offering 20 million units at $10, with each unit containing one share of common stock and one-half of warrant. The company had not updated its prospectus since its initial filing. The...read more

US IPO Weekly Recap: Cannabis micro-cap breaks the IPO market's dry spell

AKAN

A cannabis micro-cap broke the IPO market’s month-long dry spell this past week and became the latest small issuer to soar in its debut, popping 163% on its first day. One SPAC also priced in the slowest week for blank check IPOs since August. The pipeline saw a bit of activity, with two IPO and four SPACs submitting initial filings. Akanda (AKAN) raised...read more

SPAC VIKASA SPAC Series I Acquisition files for a $200 million IPO, targeting energy transition

VIKASA SPAC Series I Acquisition, a blank check company targeting energy transition, filed on Friday with the SEC to raise up to $200 million in an initial public offering. The Nichols Hills, OK-based company plans to raise $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one-half of warrant, exercisable at $11.50. At the...read more

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