Wednesday, July 30, 2025

Latest

Fintech SPAC World Quantum Growth Acquisition Prices Downsized US$200 Million IPO

Blank check company World Quantum Growth Acquisition Corp. (NYSE: WQGA.U) went public yesterday on the New York Stock Exchange. The company is seeking to raise US$200.0 million through its initial public offering.

The offering consists of 20.0 million company units priced at US$10.00 per unit, a reduced figure from the company’s initial plan to raise US$300.0 million through selling 30.0 million units. Each unit is composed of one Class A common share and one-half of a purchase warrant. Each whole warrant is redeemable to purchase one common share at US11.50 per share. The units will be trading under the symbol “WQGA.U” but once the securities are separated, the common shares and the purchase warrants will be trading on the Nasdaq big board under the symbols “WQGA” and “WQGA.WS”, respectively.

Credit Suisse Securities (USA) serves as the sole underwriter for the offering. The company has granted the underwriter a 45-day over-allotment option to purchase additional 3.0 million company units, potentially bringing the offering proceeds to US$230.0 million.

The offering is expected to close on August 13, 2021, subject to customary closing conditions.

The blank check firm is sponsored by Cayman Islands-based holdings company, World Quantum Growth Acquisition, led by former London Stock Exchange Group CEO Xavier Rolet KBE. The company believes that financial services and financial technology sectors present “attractive investment opportunities”.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Why Gold’s Bull Run May Just Be Getting Started! | Peter Grandich

Tariffs Spark New Race for Critical Metals | Rob McEwen

Antimony Resources: The Bald Hill Project

Recommended

Tsunami Warnings Spread As Largest Quake Since 2011 Hits Russia

Northern Superior Intersects 1.75 g/t Gold Over 65.0 Metres At Philibert

Related News

Biotech Firm Senti Bio To Be Taken Public In A $601 Million SPAC Merger

Senti Biosciences, Inc., also known as Senti Bio, has announced a business combination agreement with...

Tuesday, December 21, 2021, 04:38:00 PM

DWAC CEO-Advised Telco SPAC Nubia Brand International Prices US$110 Million IPO

Special purpose acquisition company Nubia Brand International Corp. (Nasdaq: NUBIU) started trading its securities on...

Friday, March 11, 2022, 02:20:00 PM

Electric Vehicle Maker Phoenix Motor Prices US$15.75 Million IPO

Following through its previously announced IPO plan, electric vehicle maker Phoenix Motor Inc. (Nasdaq: PEV)...

Friday, June 10, 2022, 02:19:00 PM

Energy SPAC Energem Seeks To Raise US$100 Million In IPO

Special purpose acquisition company Energem Corp. (Nasdaq: ENCPU) went public on the Nasdaq Global Market...

Tuesday, November 16, 2021, 02:10:00 PM

Tech SPAC Digital World Acquisition Prices Downsized US$250 Million IPO

Special purpose acquisition company Digital World Acquisition Corp. (Nasdaq: DWACU) started trading publicly on the...

Sunday, September 5, 2021, 03:38:00 PM