According to the article – ‘Daewoo’s Green Korea Become First Korean SPAC to Price‘ posted on the SPAC Report website -
Daewoo Securities’ SPAC Green Korea raised KRW 87.5 billion ($75.9 million) and became the first SPAC to successfully price in the country’s recently instituted SPAC initiative, according to an email from Kab Lae Kim, a research fellow at the Korea Capital Market Institute.
Green Korea completed its financing on Tuesday and will begin trading March 2, Lae Kim said in the email.
The SPAC sold 25 million common shares at KRW 3,500 each. Shares priced at the high end of its planned range of KRW 2,500 to KRW 3,500.
Green Korea will target green technology companies including those involved in energy and new materials, according to Lae Kim’s email.
Kim said that there are both individual and institutional investors in the SPAC.
See ’Interest grows as Korea’s first SPAC transaction draws closer‘ for more information on Korea’s SPAC market.
(Source: The SPAC Report)
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