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Gelesis (Capstar Special Purpose Acquisition) Priced, NYSE: GLSH

Blank check company formed by investment firm Capstar Partners (completed 1/13/2022).

Industry: SPAC

First Day Return: +2.2%

Industry: SPAC

We are a newly organized blank check company. While we may pursue an acquisition opportunity in any business industry or sector, we intend to capitalize on the ability of our management team to identify, acquire and manage a business in the consumer, healthcare and technology, media and telecommunications ("TMT") industries that can benefit from our differentiated and proprietary deal flow, leading brand name and global network. We intend to focus our search on business combination targets with an aggregate enterprise value ranging from $600.0 million to $1.5 billion. Furthermore, we believe that our management team is positioned to drive ongoing value creation post-business combination, as our team has done with investments in the consumer, healthcare, TMT and other sectors over time. We believe our management team is well suited to identify opportunities that have the potential to generate attractive risk-adjusted returns for our stockholders. Capstar Partners, LLC's ("Capstar Partners") affiliates and certain private funds (the "PIMCO private funds") managed by Pacific Investment Management Company LLC ("PIMCO") are members of our sponsor.
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IPO Data
IPO File Date 06/11/2020
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 24.0
Deal Size ($mm) $240
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 07/01/2020
Offer Price IPO Intelligence Only
Price Range IPO Intelligence Only
Offer Shares (mm) IPO Intelligence Only
Deal Size ($mm) $240
Lock-Up Date IPO Intelligence Only
Street Research IPO Intelligence Only
Underwriters
IPO Intelligence Only
Company Data
Headquarters Austin, TX, United States
Founded 2020
Employees at IPO 2
Website capstarpartners.com

Gelesis (Capstar Special Purpose Acquisition) (GLSH) Performance