Global SPAC Partners Company (GLSPU) Prices Downsized $160M IPO


Global SPAC Partners Company (GLSPU) Prices Downsized $160M IPO

Global SPAC Partners announced the pricing of its downsized $160 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “GLSPU”, Friday, April 9.

The new company aims to combine with a business that has growing and predictable free cash flow and low exposure to extrinsic factors. Global SPAC Partners is led by Chairman Jayesh Chandan, CEO Bryant B. Edwards, CFO Long Long alongside COO and President Stephen N. Cannon.

Total SPAC deal count for 2021 year-to-date is now 306. This offering is expected to close on Tuesday, April 13.

I-Bankers Securities, Inc. is acting as sole manager of the offering. Ellenoff Grossman & Schole LLP is serving as Issuer’s Counsel with Ropes & Gray LLP serving as Underwriter’s Counsel. UHY LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.