Welcome to our dedicated page for Global Lights Acquisition news (Ticker: GLACU), a resource for investors and traders seeking the latest updates and insights on Global Lights Acquisition stock.
Global Lights Acquisition Corp (GLACU) is a blank check company based in the Cayman Islands. Recently, the company announced the pricing of its initial public offering of 6,000,000 units at $10.00 per unit. Each unit comprises one ordinary share and one right. The company intends to focus on acquiring businesses that promote sustainable development, environmentally sound infrastructure, and industrial applications that reduce greenhouse gas emissions and enhance climate change resilience.
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.39%
Tags
-
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
FAQ
What is Global Lights Acquisition Corp (GLACU)?
Global Lights Acquisition Corp is a blank check company based in the Cayman Islands.
What was the recent announcement made by the company?
The company recently announced the pricing of its initial public offering of 6,000,000 units at $10.00 per unit.
What does each unit of Global Lights Acquisition Corp include?
Each unit comprises one ordinary share and one right.
What is the company's focus for potential acquisitions?
The company aims to acquire businesses that promote sustainable development, environmentally sound infrastructure, and industrial applications that reduce greenhouse gas emissions and enhance climate change resilience.
Who is the sole book-running manager for the offering?
Chardan Capital Markets, LLC is acting as the sole book-running manager for the offering.
When is the offering expected to close?
The offering is expected to close on November 16, 2023, subject to customary closing conditions.
Where can one obtain copies of the prospectus relating to the offering?
Copies of the prospectus can be obtained by contacting Chardan at 17 State Street, 21st Floor New York, NY 10004.
What type of businesses is the company looking to acquire?
Global Lights Acquisition Corp is looking to acquire businesses that focus on sustainable development, environmentally sound infrastructure, and industrial applications that reduce greenhouse gas emissions and enhance climate change resilience.
Are there any forward-looking statements in the press release?
The press release contains forward-looking statements regarding the initial public offering and the search for an initial business combination.
Is there a focus on environmentally friendly solutions?
Yes, the company aims to target businesses that provide environmentally friendly solutions to promote sustainable development and reduce greenhouse gas emissions.
Global Lights Acquisition Corp
Nasdaq:GLACU
GLACU Rankings
GLACU Stock Data
7.25M
18.88%
Shell Companies
Financial Services
United States of America
BEIJING