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New York, New York, April 13, 2021 (GLOBE NEWSWIRE) Global SPAC Partners Co. ( Global or the Company ) (NASDAQ:GLSPU) announced today that it closed its initial public offering of 16,000,000 units, at $10.00 per unit, resulting in gross proceeds of $160,000,000.
The Company s units began trading on the NASDAQ Capital Market ( NASDAQ ) on April 9, 2021, under the ticker symbol GLSPU. Each unit consists of one subunit and one-half of a redeemable warrant. Each subunit consists of one Class A ordinary share and one-quarter of a redeemable warrant. Each full 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 subunits and warrants are expected to be listed on NASDAQ under the symbols GLSPT and GLSPW, respectively. Assuming the Company consummates an initial business combination, the subunits will separate into the underlying Class A ordina
Global SPAC Partners Co Announces the Pricing of $160 Million Initial Public Offering
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