SPAC: Global Blockchain Acquisition Corp. Trades On NASDAQ In $150M IPO – Crowdfund Insider – Crowdfund Insider

By
Global Blockchain Acquisition Corp. (NASDAQ: GBBKU), a SPAC formed with the intent to acquire or merge with a company in the blockchain sector, listed its shares on NASDAQ in an IPO of 15,000,000 units at $10.00 per unit.
Each unit reportedly “consists of one share of common stock, one right, and one redeemable warrant.”
Each right “entitles the holder to receive one-tenth (1/10) of one share of common stock upon the consummation of an initial business combination.”
Each warrant “entitles the holder to purchase one share of common stock at a price of $11.50 per share.”
I-Bankers Securities, Inc. “is acting as the sole book-running manager of the offering and Dawson James Securities, Inc. is acting as co-manager of the offering.”
The underwriters have been “granted a 30-day option to purchase up to an additional 2,250,000 units offered by the Company to cover over-allotments if any.” The offering “is expected to close on or about May 12, 2022, subject to customary closing conditions.”
According to a filing with the SEC, the company aims to pursue a company with an “equity valuation ranging from $300 million to $3 billion. We anticipate targeting companies domiciled in North America, Europe and/or Asia that are developing assets in the Fintech, MetTech, Internet of Things, Media, Education, Education, Enterprise, and, Blockchain Enabled Verticals.”
Several members of the management team and board are affiliated with Global Blockchain Ventures Fund, a venture capital fund specializing in growth companies using blockchain technology. To date, the fund has made 32 investments.
Have a crowdfunding offering you’d like to share? Submit an offering for consideration using our Submit a Tip form and we may share it on our site!

 


Crowdfund Insider is the leading news and information website covering the emerging global industry of disruptive finance including investment crowdfunding, Blockchain, online lending, and other forms of Fintech.

lockup gbs mfc 1920x1080 1
Pepperdine Graziadio Business School Announces Fifth Annual Most Fundable Companies Competition presented by the Singleton Foundation for Financial Literacy & Entrepreneurship
Pepperdine Graziadio BusinessSchool’s Most Fundable Companies …
convoy pr
ConvoyFi Announces Launch Of The First DeFi Crowdfunding Platform
Announcing the Launch of the ConvoyFiCrowdfunding Website ConvoyFi is theFirst Decentralized CrowdfundingPlatform That Uses Its Own Coin ForProject Donations BROOKLYN, NY/ …
Security Token Summit
Ownera Named Title Sponsor of 4th Annual Security Token Summit this May in New York City
Draper Goren Holm announcesworld-class digital private marketinfrastructure development firm,Ownera, as title sponsor of its …
dealmaker1
DealMaker Announces New Partnership with Venture Capital Firm Wavemaker Labs
DealMaker, a data-driven capitalraising technology platform, todayannounced a new partnershipwith Wavemaker Labs, a …
Mark Cuban TNABC
Billionaire Investor Mark Cuban to Share Stage at BTC Miami with Mayor Francis Suarez to Kick Off Blockchain Week
Shark Tank star and Miami Mayor toaddress 4000+ at The North AmericanBitcoin Conference Business titan and …
Contact Us

Crowdfund Insider
Fintech Insider®
Disclosure Quest
Digital Assets Insider®
C/O Crowded Media Group, LLC
PO Box 221196
Beachwood OH 44122 USA

Info: [email protected]
Support: [email protected]
Advertising: [email protected]

CI on Twitter
CI on Facebook
CI on LinkedIn
CI on Instagram
CI on Telegram
Categories
Featured Headlines
General News
Crowdfunding Portals
Politics
Strategy
Offerings
Global
Fintech
Real Estate
Asia
Women Changing Finance
Services
Submit a Tip
Advertise on Crowdfund Insider
About Us
Crowdfunding Guide
FAQ
Terms of Service
Privacy Policy
© 2022 Crowded Media Group. All Rights Reserved.

source