Global SPAC Partners Co.
GLSPT
NASDAQ Capital Market14.01
USD
+3.76
- -
CIK
0001821169
ISIN
KYG3934K1031
Return %
Stock
S&P500
1Y
39.40
18.21
3Y
42.23
64.38
5Y
42.23
72.43
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Bryant B. Edwards
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 2093 Philadelphia Pike Claymont DE United States of America 19703
- IPO Date
- May 10, 2021
- CIK
- 0001821169
- Similar Companies
- Business
- Global SPAC Partners Co. (GLSPT) operates as a blank check company whose principal business activity involves effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses, with an initial focus on targets in the Middle East, North Africa (MENA), South and Southeast Asia regions; it offers no current products or services beyond its special purpose acquisition structure, including publicly traded units (GLSPU), subunits comprising one Class A ordinary share and one-quarter warrant (GLSPT), and warrants (GLSPW). Incorporated in 2020 and headquartered at 2093 Philadelphia Pike, Suite 1968, Claymont, Delaware, United States, the company targets sectors such as technology and related industries for its prospective initial business combination. In a major development completed in July 2022, Global SPAC Partners Co. merged with Gorilla Technology Group Inc., an AI-enabled edge video analytics, IoT, and cybersecurity provider, in a reverse merger transaction valuing Gorilla at approximately $708 million; the deal included $41.9 million in confirmed PIPE financing from institutional AI investors purchasing 4.15 million subunits at $10.10 each, following Gorilla's waiver of the $50 million minimum cash condition despite 88.4% shareholder redemptions, with Gorilla ordinary shares and warrants subsequently listing on Nasdaq under GRRR and GRRRW. Post-merger, GLSPT trades as a subunit of the former SPAC entity, which has been marked as potentially delisted or inactive, with no reported additional acquisitions, funding rounds, partnerships, or operational changes in 2024 or 2025; the company maintains a market capitalization around $217 million and focuses on diversified financials within asset management and custody banks.