Through the SPAC/PPETM business combination, the combined entity ends up with two currencies: equity and cash. The definitive agreement for the business combination may include a minimum cash requirement. Debt financing is one of the investment vehicles that can be used by the combined company, as it considers its options in ensuring the minimum cash condition is met.
De-SPAC Process – Meeting Minimum Cash Condition Read More »
The combined company from a De-SPAC transaction has to meet US stock exchanges’ listing conditions, including the minimum market capitalization, the market value of public float, the stockholder’s equity, and number of round shareholders.
In this second of the series of three posts on the De-SPACing process, let’s look at the some of the mechanisms that can be considered to achieving the US stock exchanges’ minimum listing conditions.
De-SPAC Process – Meeting Minimum Listing Conditions Read More »
De-SPACing is the stage after the execution of a definitive agreement and before the actual combination of the SPAC/PPETM public entity with the target operating company. A significant number of actions are needed to complete the de-SPACing process.
De-SPAC Process – Shareholder Approval, Founder Vote Requirements, and Redemption Offer Read More »
There is a possibility to de-list from the current foreign stock exchange and get listed in NYSE or NASDAQ via a Private-to-Public Equity (PPE)™, or SPAC (Special Purpose Acquisition Company, aka blank-check company) enhanced by the Mentor-Investor™ approaches, process with the GigCapital team. Chances are that the valuation of the company is higher in NY than in a local exchange. The first company which GigCapital combined with is a private, Italian. Kaleyra s.p.a. is a successful and growing company in the area of CPaaS (Communications Platform as a Service) and the first Italian TMT company to Ring the Bell at NYSE.
After what happened to WeWork, many multi-billion-dollar private companies planning to tap the public capital market, have delayed their IPOs. We, at GigCapital, have developed the Private-to-Public Equity (PPE)™ process, which enhances the SPAC by removing those uncertainties.
A “Guaranteed IPO” From the Private-to-Public Equity (PPE)™, the Enhanced SPAC Read More »