Globis Acquisition Corp. (GLAQU) Prices $100M IPO


Globis Acquisition Corp. (GLAQU) Prices $100M IPO

Globis Acquisition Corp. announced the pricing of its $100 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “GLAQU” tomorrow, Friday, December 11.

The new company aims to combine with a business that will benefit from globalization in a sector such as agriculture, energy, natural resources, telecom, or logistics. Globis is led by CEO, CFO and Director Paul Packer alongside Directors Claude Benitah, Michael A. Ferguson and John M Horne.

Total SPAC deal count for 2020 year-to-date is now 223 with $75.5 billion in gross proceeds raised. This offering is expected to close on Tuesday, December 15.

Chardan acted as sole book running manager in the offering. Haynes and Boone, LLP is serving as Issuer’s Counsel with Loeb & Loeb LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Wilmington Trust Company is acting as trustee.