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Black Spade Acquisition Corp. (BSAQU) Prices $150M IPO

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IPO-Pricing

Jul 16, 2021 IPOs by Marlena Haddad

Black Spade Acquisition Corp.  announced the pricing of its $150 million IPO and its shares are expected to begin trading on the New York Stock Exchange under the symbol “BSAQ.U” Friday, July 16.

The new SPAC aims to combine with a fundamentally sound target that focuses on enabling technology, lifestyle brands, or entertainment media and owns durable IP. Black Spade is led by Chairman and Co-CEO Dennis Tam, Co-CEO Kester Ng and President and CFO Francis Ng.

Total SPAC deal count for 2021 year-to-date is now 374. This offering is expected to close on Tuesday, July 20.


Citigroup Global Markets Inc. is acting as the sole bookrunner for this offering. JonesTrading Institutional Services LLC and Loop Capital Markets LLC are acting as co-managers for this offering. Davis Polk & Wardwell LLP is serving as Issuer’s Counsel with Shearman & Sterling LLP serving as Underwriter’s Counsel. Marcum Bernstein & Pinchuk LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.

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Source: https://spacinsider.com/2021/07/16/black-spade-acquisition-corp-prices-150m-ipo/

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Revolution Acceleration Acquisition Corp. (RAAC) Shareholders Approve Berkshire Grey Deal

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Property Solutions Acquisition Corp. (PSAC) Shareholders Approve Faraday Future Deal

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Ascendant Digital Acquisition Corp. (ACND) Shareholders Approve MarketWise Deal

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SPAC Insiders

The Latest SPAC News and Rumors: July 20, 2021

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latest-news


Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. 

Latest SPAC News: New rules for China’s tech companies threatens SPAC deals, and Li-Cycle partners with Univar Solutions OnSite Services


New Listing Rules For China’s Tech Companies Could ‘Dampen’ Appetite For SPAC Deals

A new slate of draft rules announced last week by the Cyberspace Administration of China (CAC) threatens to slow the rate of US listings by Chinese tech companies – and attractiveness of those companies to American investors.

It is early days, but it is possible the new regulations could weigh on acquisitions of Chinese companies by blank-check companies, according to Kristin Zimmerman, who heads Morgan Stanley’s SPAC M&A practice in New York.

Under the draft rules, the CAC, China’s top cybersecurity regulator, would review any foreign listings by technology platform companies that possess the data of at least 1 million users.

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Li-Cycle Announces Partnership with Univar Solutions OnSite Services

Lithium-ion battery recycler Li-Cycle Corp. today announced a partnership with waste management leader Univar Solutions OnSite Services to provide waste management solutions for lithium-ion batteries.

Through the partnership, Li-Cycle and Univar Solutions customers will now benefit from a waste management solution for lithium-ion battery waste across multiple manufacturing verticals, including the growing North American electric vehicle manufacturing market.

Li-Cycle initially announced its business combination with Peridot on February 16.

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Source: https://spacinsider.com/2021/07/20/latest-spac-news-and-rumors-july-20-2021/

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