Global Lights Acquisition Corp Unit
GLACU
NASDAQ10.93
USD
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Global Lights Acquisition Corp Unit
GLACU
(NASDAQ)
Recent
price
10.93
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- Global Lights Acquisition Corp Unit (GLACU) is a blank check company, or special purpose acquisition company (SPAC), incorporated in the Cayman Islands in 2021 and headquartered in Beijing, People's Republic of China. The company has no significant current operations and focuses on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities, with a particular emphasis on targets providing solutions that promote sustainable development, including environmentally sound infrastructure and industrial applications that eliminate or mitigate greenhouse gas emissions and enhance resilience to climate change; it operates globally without geographic limitations in its search for suitable targets. GLACU completed its initial public offering of 6.9 million units at $10 each in November 2023 for gross proceeds of $69 million, with units separating into ordinary shares (GLAC) and rights (GLACR) commencing December 4, 2023; in November 2024, it entered a non-binding letter of intent with W Straits Limited, a leading international fintech company, for a potential business combination whereby W Straits shareholders would exchange shares for equity in the combined public entity, followed by a January 2025 update confirming substantial progress toward a definitive agreement subject to due diligence, negotiations, and approvals, though no final merger has been consummated as of late 2025.
Global Lights Acquisition Corp Announces the Separate Trading of Its Ordinary Shares and Rights, Commencing on December 4, 2023
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