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NYSE Euronext today announced the listing of Germany1 Acquisition Limited, a special purpose acquisition company (SPAC), on its Amsterdam market.
Germany1 Acquisition Limited is trading on Euronext Amsterdam under the ticker symbol “GAL1U”. The company raised a total of € 250 mln new capital from the sale of 25,000,000 units at an introduction price of € 10.00 per unit. Each unit consists of one share and one warrant. After opening, the first market price of Germany1 Acquisition Limited was also € 10.00 per unit. Based on the total number of 25,000,000 million units the total market capitalization of the company at opening price was €250 million.
“We are delighted to welcome Germany1 Acquisition Limited onto our Amsterdam market. We have enjoyed a great deal of success in the area of innovative listings such as private equity funds, hedge funds and special purpose acquisition companies. NYSE Euronext is the most popular gateway to the eurozone for this fast growing segment” said Joost van der Does de Willebois, Chairman of the Amsterdam market and Member of the Management Committee of NYSE Euronext.
Germany1 Acquisition Limited is the third special purpose acquisition company (SPAC) listing in Amsterdam after the successful listing of PEHAC in 2007 and Liberty in 2008. Germany1 Acquisition Limited has its statutory seat in Guernsey and will mainly focus on the acquisition of family-owned businesses, portfolio companies of private equity funds and corporate spin-offs in German speaking countries; Germany, Austria and Switzerland.
SPACs are vehicles to raise money in the market in order to acquire one or more businesses by way of asset acquisition, merger, share exchange or share purchase and become an operating company.
