Golden Star Acquisition, a blank check company targeting businesses with strategic significance to Asian markets, raised $60 million by offering 6 million units at $10. Each unit consists of one share of common stock and one right to receive two-tenths of a...read more
Golden Star Acquisition, a blank check company targeting businesses with strategic significance to Asian markets, lowered the proposed deal size for its upcoming IPO on Wednesday. The New York, NY-based company now plans to raise $60 million by offering 6...read more
The recently-enacted Inflation Reduction Act introduced a 1% excise tax on stock buybacks beginning in 2023, and in the absence of guidance from the Treasury Department, it is unclear whether the tax applies to SPAC share redemptions. More and more SPACs are...read more
US IPO Weekly Recap: Kenvue and ACELYRIN fire up the IPO market, raising a combined $4.3 billion
Following April’s stream of micro-cap activity, the month of May started off with two large IPOs, Kenvue (KVUE) and...read more
SPAC Golden Star Acquisition prices $60 million IPO, targeting Asian markets
Golden Star Acquisition, a blank check company targeting businesses with strategic significance to Asian markets, raised $60 million by offering 6 million units at $10. Each unit consists of one share of common stock and one right to receive two-tenths of a...read more
SPAC Golden Star Acquisition cuts deal size by 40% ahead of $60 million IPO, targeting Asian markets
Golden Star Acquisition, a blank check company targeting businesses with strategic significance to Asian markets, lowered the proposed deal size for its upcoming IPO on Wednesday. The New York, NY-based company now plans to raise $60 million by offering 6...read more
A growing list of SPACs plan to liquidate early to avoid a possible 1% excise tax in 2023
The recently-enacted Inflation Reduction Act introduced a 1% excise tax on stock buybacks beginning in 2023, and in the absence of guidance from the Treasury Department, it is unclear whether the tax applies to SPAC share redemptions. More and more SPACs are...read more