Greenland Acquisition Corporation Prices $40 million SPAC

Greenland Acquisition Corporation’s IPO Brings the Year’s Deal Count to 24.

Greenland Acquisition Corporation has announced the pricing of their $40 million SPAC and the unit will begin trading later this morning under the symbol GLACU.

For everyone keeping count, Greenland is the second SPAC to IPO this July, and the 24th SPAC to IPO for 2018, bringing the total gross proceeds for the year to $5.8 billion.

It’s been a relatively quiet month for SPAC IPOs compared to June, but we have five more waiting in the wings. At this rate, we should easily match last year’s deal count and more than likely, surpass it.

Greenland’s underwriters were as follows:  Chardan, as sole bookrunning manager, and I-Bankers, as co-manager.