Benny Landa, Dudi Wiessman team on SPAC
Gefen Landa Acquistion Corp. plans to raise $250 million to buy an Israeli technology company.
Technology entrepreneur Benny Landa and businessman David (Dudi) Wiessman are jointly floating a SPAC in New York. Gefen Landa Acquistion Corp. plans to raise $250 million. The offering is being led by BofA Securities and Guggenheim Securities. The company will list on Nasdaq under the symbol GFLDU
An SPAC (special purpose acquisition company) is a company that raises money from the public without having any activity, with the aim of acquiring an existing company within a defined period of up to two years. Gefen Landa Acquisition Corp. plans to find an Israeli technology company to acquire, joining several other SPACs set up recently with the same purpose by Jonathan Kolber, Ilan Levin, and Danny Yamin.
חברת SPAC בהובלת דני ימין הגישה תשקיף לגיוס של כ-300 מיליון דולר globes.co.il - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globes.co.il Daily Mail and Mail on Sunday newspapers.
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Moringa Acquisition Corp Announces Pricing of $100 Million Initial Public Offering
Moringa Acquisition CorpFebruary 16, 2021 GMT
NEW YORK, Feb. 16, 2021 (GLOBE NEWSWIRE) Moringa Acquisition Corp (the “Company”) announced today that it priced its initial public offering of 10,000,000 units at $10.00 per unit. The units are expected to be listed on The Nasdaq Capital Market (“Nasdaq”) and trade under the symbol “MACAU” beginning on February 17, 2021. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant. Each warrant entitles the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the Class A ordinary shares and redeemable warrants are expected to be listed on Nasdaq under the symbols “MACA” and “MACAW,” respectively.
Israeli SPAC Moringa raises $100m on Nasdaq
The special purpose acquisition company will now look for an Israeli tech company to merge into.
Israeli special purpose acquisition company (SPAC) Moringa Acquisition Corp. has $100 million on Nasdaq and will now seek an Israeli tech company to merge into.
Blank check company Moringa successfully issued 10,000,000 units at $10 per unit and will list on Nasdaq under the MACAU ticker. EarlyBirdCapital Inc. and Moelis & Company acted as joint book-running managers for the offering. They have been granted a 45-day option to purchase up to an additional 1,500,000 units at the initial public offering price.
RELATED ARTICLES
עוד SPAC ישראלית בוול סטריט: מורינגה גייסה 100 מיליון דולר globes.co.il - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globes.co.il Daily Mail and Mail on Sunday newspapers.