Blue Safari Group Acquisition Corp. (BSGAU) Prices $50M IPO


Blue Safari Group Acquisition Corp. (BSGAU) Prices $50M IPO

Blue Safari Group Acquisition Corp. announced the pricing of its $50 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “BSGAU” Thursday, June 10.

The new SPAC aims to combine with a FinTech, InfoTech, or InsurTech target that has a total enterprise value between $200 million and $600 million. Blue Safari Group is led by  CEO and CIO Alex Yamashita and CFO Naphat Sirimongkolkasem.

Total SPAC deal count for 2021 year-to-date is now 336. This offering is expected to close on Tuesday, June 15.

Maxim Group LLC is acting as the sole book-running manager of the offering. Loeb & Loeb LLP is serving as Issuer’s Counsel with Schiff Hardin LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor.  Continental Stock Transfer & Trust Company is acting as trustee.