Goldenbridge Acquisition Limited (GBRGU) Prices $50M IPO

SPAC pricing

Goldenbridge Acquisition Limited (GBRGU) Prices $50M IPO

Goldenbridge Acquisition Limited announced the pricing of its $50 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “GBRGU,” Tuesday, March 2.

The new company aims to combine with a target in artificial intelligence or any other related technology innovations market. Goldenbridge is led by CEO and Chairman Yongsheng Liu, CFO Yanhong Xue and COO Ray Chen.

Total SPAC deal count for 2021 year-to-date is now 193. This offering is expected to close on Thursday, March 4.

Maxim Group LLC is acting as the sole book-running manager for the offering. Loeb & Loeb LLP is serving as Issuer’s Counsel with Ellenoff Grossman & Schole LLP serving as Underwriter’s Counsel. Friedman LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.