Welcome to our dedicated page for Powerup Acquisition news (Ticker: PWUPU), a resource for investors and traders seeking the latest updates and insights on Powerup Acquisition stock.
PowerUp Acquisition Corp. (PWUPU) generated news primarily around its role as a blank check company and its capital markets activity. Initial announcements detailed the pricing and closing of its initial public offering of units on the Nasdaq Global Market, including the exercise of the underwriters’ over-allotment option and the placement of proceeds into a trust account. These news items explained the structure of the PWUPU units, which combined Class A ordinary shares with redeemable warrants, and outlined the company’s stated focus on interactive media, digital media, sports, entertainment, and leisure, with particular emphasis on video gaming and metaverse-related gaming businesses.
Subsequent news and regulatory disclosures tied to the same registrant appear under the name Aspire Biopharma Holdings, Inc., with SEC filings identifying PowerUp Acquisition Corp. as a former name or former address. These items include reports of financing transactions, such as a Securities Purchase Agreement involving convertible notes and related registration rights, as well as corporate governance developments like leadership changes and board transitions.
On this news page, readers can review coverage that traces the evolution from the PWUPU unit offering to later events disclosed by Aspire Biopharma Holdings, Inc. This includes capital-raising activities, changes in principal executive office location, and updates on management and board composition as reported in Form 8-K filings. Investors and researchers interested in the history of PWUPU and its connection to Aspire Biopharma Holdings, Inc. can use this feed to follow key milestones and regulatory announcements associated with the company’s public listing and subsequent corporate developments.
PowerUp Acquisition Corp. announced the successful closing of its initial public offering (IPO) of 28,750,000 units at $10.00 per unit, generating gross proceeds of $287,500,000. The IPO was completed on February 18, 2022, with units trading on the Nasdaq under the ticker symbol PWUPU. The company, a blank check firm, aims to acquire businesses within interactive media and video gaming. Funds from the offering, totaling $294,687,500, will be held in a trust account. Citigroup acted as the sole book-running manager for the offering.
PowerUp Acquisition Corp. announces the pricing of its initial public offering (IPO) of 25 million units at
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