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Global Lights Acquisition Corp Unit - $GLACU STOCK NEWS

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Rhea-AI Summary
Global Lights Acquisition Corp (GLACU) announces the commencement of separate trading for the ordinary shares and rights included in the 6,900,000 units sold in the initial public offering. The units will continue to trade on the NASDAQ Capital Market under the symbol 'GLACU', while the separated ordinary shares and rights will trade under the symbols 'GLAC' and 'GLACR', respectively. Holders of the units will need to contact the Company's transfer agent to separate the units into ordinary shares and rights.
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Rhea-AI Summary
Global Lights Acquisition Corp (GLACU) prices its initial public offering of 6,000,000 units at $10.00 per unit. Each unit includes one ordinary share and one right, with the rights entitling holders to receive one-sixth of one ordinary share upon an initial business combination. The units are expected to be listed on Nasdaq under the symbol GLACU, with the ordinary shares and rights trading under GLAC and GLACR respectively. Chardan Capital Markets, LLC acts as the sole book-running manager, with a 45-day option for the underwriters to purchase up to an additional 900,000 units. The offering is expected to close on November 16, 2023, subject to customary closing conditions.
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Global Lights Acquisition Corp Unit

Nasdaq:GLACU

GLACU Rankings

GLACU Stock Data

6.75M
18.88%
Shell Companies
Financial Services
United States of America
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