Renaissance Capital logo

Sagaliam Acquisition Priced, Nasdaq: SAGA

Blank check company formed by GLD Partners targeting the TMT sector (pending: SAGA Scientific Holdings).

Industry: SPAC

Latest Trade: $10.88 0.00 (0.0%)

First Day Return: -0.3%

Return from IPO: +8.8%

Industry: SPAC

Sagaliam Acquisition is a newly incorporated blank check company. Although we may pursue an acquisition in any industry or geography, we intend to capitalize on the capabilities of our management team and our sponsor to identify, acquire and operate a business that may provide opportunities for attractive risk-adjusted returns in the telecommunications, media, and technology industries. We intend to identify and acquire a business that could benefit from a creative, forward-thinking owner with extensive operational expertise that presents potential for an attractive risk-adjusted return profile. Even companies with solid fundamentals often under-perform their potential, due to underinvestment, ineffective business strategies, sub-optimal capital allocation and capital structures, excessive cost structures or incomplete management teams. Our management team has extensive experience in identifying and executing acquisitions that are ripe for change, across industry sectors and business cycles. In addition, our management has hands-on experience working with companies as active owners and directors by working closely with these companies to continue their transformation and help create value. Our sponsor is an affiliate of GLD Partners, LP (“GLD”), a private equity investment firm whose principals have decades of combined investment experience and a track record of value creation in portfolio companies.
more less
IPO Data
IPO File Date 05/26/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 10.0
Deal Size ($mm) $100
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 12/20/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 10.0
Deal Size ($mm) $100
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
D. Boral Capital
Company Data
Headquarters Los Angeles, CA, United States
Founded 2021
Employees at IPO 3
Website www.gldlp.com

Sagaliam Acquisition (SAGA) Performance