The SPAC is the first vehicle by this executive group. Market Data powered by QuoteMedia. This round of funding was led by Murex Partners, with new participation from Atinum Investments, and follow-on investment from . If it fails to do so, shareholders will be able to redeem their shares/units for the remaining proceeds from the IPO held in trust. Rockend Technology Pty Ltd. completed the . BOA Acquisition, a blank check company targeting real estate technology, filed on Thursday with the SEC to raise up to $175 million in an initial public offering. The case in point worth citing here is Plentific, a portfolio company from our second fund. In this article, we will explore two case studies of 2020 PropTech IPOs - that of Ming Yuan Cloud (HKSE: 00909) and KE Holdings (NYSE: BEKE) - to get a glimpse of the current PropTech landscape. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. In the case of this particular management group, there is potential upside from prior operating experience but the lack of SPAC vehicle track record gives me pause. Acquisitions, IPOs, and the evolution of PropTech | by Faisal Butt | Pi Labs Insights | Medium 500 Apologies, but something went wrong on our end. The SPAC may issue additional stock/units to effect a contemplated merger. The SPAC is the first vehicle by this executive group. Being Europes earliest investor in PropTech, our portfolio companies have experienced various forms of capital raising and M&A events over the past 6 years. The units will be listed on the Nasdaq. I wrote this article myself, and it expresses my own opinions. PropTech Institute is a non-profit organisation dedicated to promoting PropTechthe application of technology to property. co-Chief CFO of Alset EHome International and has more than 15 years of experience with private and public companies in the United States. For more updates from the team and for a look into life at Pi Labs, follow us on Instagram and subscribe to our monthly newsletter. 2023227 Nuvini S.A.Nuvini Holdings Limited Mercato Partners Acquisition Corporation(Nasdaq: MPRA) "Nuvini""NVNI" " . The SCOOP Rating does not reflect the opinions of anyone associated with IPOScoop.com. NEW YORK, Nov. 26, 2019 (GLOBE NEWSWIRE) -- PropTech Acquisition Corporation (NASDAQ: PTACU) (the "Company") announced today that it closed its initial public offering of 17,250,000. PropTech Acquisition Corp. (PTACU), announced the pricing of their $150 million SPAC IPO this evening. However, the team does not have prior SPAC experience, so has not demonstrated a track record of attractive returns via a SPAC vehicle. PropTech's units are expected to begin trading, tomorrow, Friday, November 22nd, under the symbol Nasdaq: PTACU. These symbols will be available throughout the site during your session. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 2023, Nasdaq, Inc. All Rights Reserved. Gain Insight and actionable information on U.S. IPOs with IPO Edge research. The article PropTech-focused SPAC BOA Acquisition files for a $175 million IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. While the Company may pursue an initial business combination target in any stage of its corporate evolution or in any industry or sector, it intends to focus its search on companies that provide technological innovation to the real estate industry, or PropTech. | Source: Led by a group of committed professionals that share a passion in technology and real estate, PropTech Institute is a platform connecting individuals, startups, corporates and institutions. In the company's IPO filing, it said it generated $77.6 million in 2019, up from $54.1 million a year prior. The Company is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. I'm the founder of IPO Edge on Seeking Alpha, a research service for investors interested in IPOs on US markets. But its losses also widened, to $103 million in 2019 from $49.9 million in 2018. Proptech-focused SPAC Shelter Acquisition files for a $200 million IPO February 17, 2021 Shelter Acquisition, a blank check company targeting real estate technology or proptech, filed on Wednesday with the SEC to raise up to $200 million in an initial public offering. from the closing of an initial business combination and expiring five years after completion of the initial business combination or earlier upon redemption or liquidation. These six companies have a few things in common. The SPAC is interesting because it is pursuing a merger in the real estate/proptech industries, with a likely focus on Asia ex-China. Each unit consists of one share of the Companys Class A common stock and one-half of one redeemable warrant, each whole warrant entitling the holder thereof to purchase one share of Class A common stock at a price of $11.50 per share. In 2016, Pi Labs invested in Plentifics 2 million seed round, followed by a follow-on investment in their 2017 Series A. I have no business relationship with any company whose stock is mentioned in this article. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering was priced at $10.00 per unit, resulting in gross proceeds of $172,500,000. This type of acquisition (one technology company acquiring another) represents more than half of 2021s acquisitions, but we are also seeing corporates get involved in the action. 3485 N. Pines Way, Suite 110 Wilson, WY 83014, US. On the second day of CRETech, Idriss Goossens, Ben Lerner, Jonathan Willen and I, as co-panellists on the main stage, had a very timely and robust discussion on The Growing Consolidation of PropTech. MICROSOFT CORPORATION. Proptech-focused SPAC Shelter Acquisition files for a $200 million IPO, Renaissance International ETF (symbol: IPOS), Do Not Sell My Personal Information (CA Residents Only). Cantor Fitzgerald & Co. acted as the sole book running manager for the offering. 3415 N. Pines Way Suite 204 Wilson, WY 83014 Aside from the funding amount, Plentifics latest round is also noteworthy insofar as it included cross-border capital from Canadian real estate group Brookfield, as well as institutional capital from Mubadala (a UAE sovereign wealth fund). Create your Watchlist to save your favorite quotes on Nasdaq.com. Only whole warrants will trade and are exercisable. Management of ACAX doesn't have operating experience in the industry or previous SPAC experience, so my opinion on the SPAC is Neutral. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law. Closes $300 Million Initial Public Offering: https://www.prnewswire.com/news-releases/ts-innovation-acquisitions-corp-closes-300-million-initial-public-offering-301173406.html. NEW YORK, Nov. 21, 2019 (GLOBE NEWSWIRE) -- PropTech Acquisition Corporation (the "Company") announced today that it priced its initial public offering of 15,000,000 units at $10.00 per. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. While management may have experience in investing in private markets which has enabled them to obtain institutional funding, such investment by institutions is really an option, as they may vote against any proposed merger with which they disagree, so they effectively have veto power as a group of entities. Management doesn't have an operating track record or previous experience with SPACs, so I'm on Hold on ACAX. A registration statement relating to these securities has been filed with, and declared effective by, the Securities and Exchange Commission on November 21, 2019. Blockchain Moon is a blank check company with no business operations and only a small Jacksonville office. This article is not investment advice and does not constitute any offer or solicitation to subscribe or redeem. Intercontinental Exchange, the owner of the New York Stock Exchange, has agreed to acquire mortgage data firm Black Knight for $13.1 billion, the companies announced Wednesday. I wrote this article myself, and it expresses my own opinions. - Chief Financial Officer, Adam Sragovicz, who has been the Chief Financial Officer of Presidio Property Trust and has extensive capital markets, finance and treasury management experience. I'm the founder of IPO Edge on Seeking Alpha, a research service for investors interested in IPOs on US markets. Retail investors are really just 'along for the ride,' with little influence on the ultimate outcome of a proposed merger. Being at the frontier of PropTech investing, often as the first VC into early stage PropTech start-ups across Europe, we are nothing short of excited for our 60 portfolio companies that could be potential recipients of this surge in growth capital. PropTech's units are expected to begin trading, tomorrow, Friday, November 22nd, under the symbol Nasdaq: PTACU. Across the globe, PropTech startups and investors are sprinting ahead for growth. SPAC investing is subject to potential volatility and risk of loss. The Company is led by Co-Chief Executive Officers Thomas D. Hennessy and M. Joseph Beck. My outlook on MURF is a Hold as I believe investors in SPACs need to be extra-choosy and focus on those SPACs with great management teams and a history of positive returns to investors. PropTech Acquisition Corp. intends to focus on businesses that provide technological innovation to the real estate industry, or "PropTech", and will be led by Thomas Hennessy . Is this happening to you frequently? If it does, then the Class B shares would be increased to retain the sponsor's 20% equity ownership position. The SPAC (Special Purpose Acquisition Company) intends to pursue a merger with a company in the sectors of real estate or 'Proptech' industries with their primary business operations outside of China. We at PropTech Institute believe there is immense potential with the PropTech sector. Type a symbol or company name. The SPAC may issue additional stock/units to effect a contemplated merger. Renaissance Capital for B OA Acquisition, a blank check company targeting real estate technology, filed on Thursday with the SEC to raise up to $175 million in an initial public offering. Special Purpose Acquisition Company (SPAC) listings have experienced the glory of 2020 and 2021, these "blank check companies" targeting a variety of new economy companies, including many with a focus on PropTech companies, to tap into the fast-growing PropTech market. Murphy Canyon Acquisition Corp. (NASDAQ:MURF) has raised $132.25 million from an IPO at a price of $10.00 per unit, according to the terms of its most recent S-1/A regulatory filing. Is this happening to you frequently? The cash and stock . PropTech Acquisition Corp. (PTACU), announced the pricing of their $150 million SPAC IPO this evening. When it comes to the evolution of PropTech, my first thought relates to the recent surge in growth capital available to the best-performing European PropTech start-ups. Founded in 2003 and headquartered in Shenzhen, Ming Yuan Clouds ERP solutions and SaaS products enable property developers and other real estate industry participants such as construction materials suppliers and property asset management companies to streamline and digitalise their business operations. PropTech Acquisition Corp. intends to focus on businesses that provide technological innovation to the real estate industry, or PropTech, and will be led by Thomas Hennessy, as Chairman of the Board, Co-ChiefExecutive Officer and President. It is headquartered in Beijing and was listed on the New York Stock Exchange in August 2020. Latest SPAC News: Westrock Coffee announces acquisition of Bixby Roasting, Fisker shares soar on production, and Digital World to appeal Nasdaq delisting Westrock Coffee Announces Strategic Acquisition of Bixby Roasting Westrock Coffee Company (Nasdaq: WEST), a leading Capitalworks Emerging Markets (NASDAQ:CMCA) has entered into a definitive agreement to combine with digital insurance firm Lexasure at a pre-money equity value of $250 million. Feb 4, 2021 5:30PM EST. Written by PropTech Investment Corporation II and Appreciate Announce Closing of Business Combination, PropTech Investment Corporation II Stockholders Approve Business Combination with Appreciate, PropTech Investment Corporation II Announces Filing and Mailing of Definitive Proxy Statement and Special Meeting Date in Connection with Proposed Business Combination with Appreciate. PropTech Acquisition, a blank check company led by partners at Hennessy Capital targeting a real estate technology business, raised $150 million by offering 15 million units at $10, as. The information referenced or contained herein may change, be in error, become outdated and irrelevant, or removed at any time without notice. Murphy has 2 executives leading its sponsor, Murphy Canyon Acquisition Sponsor, LLC. JLL, for example, have made two noteworthy PropTech acquisitions this year (Building Engines for $300 million and Skyline AI for an undisclosed figure). - Chief Financial Officer Rongguo Wei, who is co-Chief CFO of Alset EHome International and has more than 15 years of experience with private and public companies in the United States. PropTech Investment II, a SPAC, has filed with the SEC in September 2020 to raise up to US$175 million in an IPO. Now we all know that valuations are never as linear as this, but, without being too imaginative, there is a clear direction of travel here. PropTech Acquisition Corp. NEW YORK, Nov. 26, 2019 (GLOBE NEWSWIRE) -- PropTech Acquisition Corporation (NASDAQ: PTACU) (the Company) announced today that it closed its initial public offering of 17,250,000 units, including 2,250,000 units issued pursuant to the full exercise by the underwriter of its over-allotment option. Renaissance Capital->. PROPTECH GROUP : News, Nachrichten und Informationen Aktie PROPTECH GROUP | A3DRPC | AU0000117814 | Australian Stock Exchange Also, in 2021, the real estate services firm estimated there were more than 6,000 Proptech or other real estate technology-related businesses worldwide. Copies are available on the SECs website,www.sec.gov. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 2023, Nasdaq, Inc. All Rights Reserved. Please. The SCOOP Rating does not . The article Proptech-focused SPAC Shelter Acquisition files for a $200 million IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. If you have an ad-blocker enabled you may be blocked from proceeding. The Quogue, NY-based company plans to raise $200 million by offering 20 million units at $10. Founder shares are 20% of the total shares and consist of Class B shares. This is European PropTechs largest full-equity VC round to date, rivalled only by debt financing, IPO, and post-IPO activity in the sector. Blockchain Moon Acquisition Corp. brought its $100 million IPO to the market Oct. 18, as the company pursues acquisition targets. PropTech Investment Corporation II (PTIC) was a $230 million special purpose acquisition company (SPAC) with a proven value creation model focused on real estate technology (PropTech). Copies are available on the SECs website,www.sec.gov. The cost of that investment is roughly the same, 20% of the upside to the SPAC sponsor, but the time frame for realizing a significant gain can be far faster, a 1- to 3-year time period for a SPAC versus 10 or more years for a typical venture capital fund. The topics covered are very close to Pi Labs and our ecosystem. It also allowed our team to meet with potential future portfolio company founders, as well as others in the wider world of PropTech. Of the proceeds received from the consummation of the initial public offering and a simultaneous private placement of warrants, $172,500,000 (or $10.00 per unit sold in the public offering) was placed in trust. PropTech-focused SPAC BOA Acquisition files for a $175 million IPO, Renaissance International ETF (symbol: IPOS), Do Not Sell My Personal Information (CA Residents Only). Pi Labs is proud to have invested follow-on capital during this round. More information on Appreciate can be found atAppreciate.rent. Cantor Fitzgerald & Co. Inc., acted as sole book-running manager for the offering. Shelter Acquisition, a blank check company targeting real estate technology or proptech, filed on Wednesday with the SEC to raise up to $200 million in an initial public offering. Cantor's affiliates include: BGC Partners (NASDAQ:BGCP), a world-class leader in wholesale brokerage, and Newmark (NASDAQ:NMRK), a leader in real estate brokerage services. The SPAC (Special Purpose Acquisition Company) intends to pursue a merger with a company in the sectors of real estate or Proptech. The SPAC . I am not receiving compensation for it (other than from Seeking Alpha). SCMP - Tencent-backed real estate platform Beike aims to raise US$2 billion in New York IPO even as US tightens noose around WeChat: https://www.scmp.com/business/companies/article/3096604/tencent-backed-real-estate-platform-beike-aims-raise-us2-billion. You should perform your own research for your particular financial situation before making any decisions. The SCOOP ratings should not be taken as investment advice. This story involves the dominant US-based workplace experience platform acquiring the dominant Europe-based platform to create a truly intercontinental product. When conducting a search of M&A activity of companies which classify themselves as both real estate and technology, 2021 clearly emerged as a record year (see chart below). As the Latin saying goes, audentes fortuna iuvat. A registration statement relating to these securities has been filed with, and declared effective by, the Securities and Exchange Commission on November 21, 2019. It also speaks directly to the CRETech panel discussion. The company is led by CIO and ChairmanJack Chandler, who founded Majesteka Investments in 2017 and previously served as Global Head and Chairman of Real Estate at BlackRock from 2011 to 2017. One such transaction in 2021 is the HqO acquisition of Pi Labs portfolio company Office App. Subscribers receive access to my proprietary research, valuation, data, commentary, opinions, and chat on U.S. IPOs. PropTech IPOs - a case study of two recent PropTech listings, Alicia is the President and Co-Founder of PropTech Institute. 22/02 Rockend Technology Pty Ltd. completed the acquisition of PropTech Group Limited. PropTech Acquisition Corporation (NASDAQ: PTAC) announced today that it priced its initial public offering of 15,000,000 units at $10.00 per unit. Founder & CEO of Pi Labs | VC Investor | Entrepreneur | Property + Technology | Investor in Hubble, Trussle, LandTech, 90 North Group & more. Like PropTech Investment II, TS Innovation Acquisitions Corp. is also a SPAC focusing on investments in PropTech. from Wall Street and investment professionals concerning how well an IPO might perform when it starts trading. Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. According to a statement released by the two companies in January of this year, the deal has an equity value of $1.56 billion, and Latch has received approximately $453 million in cash proceeds . S&P Global - Proptech startup Housi prepares for IPO in Brazil Contxto: https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/proptech-startup-housi-prepares-for-ipo-in-brazil-8211-contxto-60225854. The. Members of IPO Edge get the latest IPO research, news, and industry analysis. PR Newswire: TS Innovation Acquisitions Corp. About 81.4% of the companys outstanding shares participated in the meeting, so turnout was not an issue, but it appears that Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Apart from her involvement at PropTech Institute, Alicia is also a corporate lawyer and was involved in a number of notable transactions in the real estate sector including. Cross-border capital flow is providing the growth capital that European PropTech start-ups need to scale up their operations into multiple global markets. Boston, MA. The IPOScoop.com staff does not issue advice, recommendations or opinions. Murphy Canyon Acquisition Corp. ( NASDAQ: MURF) has raised $132.25 million from an IPO at a price of $10.00 per unit, according to the terms of its most recent S-1/A regulatory filing. The IPO also provided for one-half of one (and 1/10th of one right) warrant per share, exercisable at $11.50 per share on the later of: (i) the completion of an initial business combination and (ii) one (1) year from the date of the prospectus, and expiring 5 years after completion of the initial business combination or earlier upon redemption or liquidation. Transaction Overview Capitalworks has Viveon Health Acquisition Corp.(NYSE American: VHAQ)announced that it has signed a letter of intent (LOI) to combine with a platform focusing on cognitive care for the elderly and those withspecial needs. Renaissance Capital->. Copies of the prospectus may be obtained from Cantor Fitzgerald & Co., Attention: Capital Markets, 499 Park Avenue, 5th Floor New York, New York 10022; Email:prospectus@cantor.com. Market Watch - A Chinese IPO just raised more than $2 billion amid tensions between U.S., China: https://www.marketwatch.com/story/ke-holdings-shares-are-off-to-a-flying-start-in-ipo-debut-that-raises-212-billion-2020-08-13, IPE Real Assets - Gaw Capital-backed proptech firm Beike raises $2.44bn in New York IPO, https://realassets.ipe.com/news/gaw-capital-backed-proptech-firm-beike-raises-244bn-in-new-york-ipo/10047279.article. Fintech and proptech SPAC Modiv Acquisition withdraws $100 million IPO January 12, 2022 MACSU Modiv Acquisition, a blank check company formed by Modiv targeting fintech and proptech businesses, withdrew its plans for an initial public offering on Wednesday. Copies of the prospectus may be obtained, when available, from Cantor Fitzgerald & Co., Attention: Capital Markets, 499 Park Avenue, 5th Floor New York, New York 10022; Email:prospectus@cantor.com. Item 1.01. These symbols will be available throughout the site during your session. Ex-Freddie Mac CEO Charles Haldeman and other top housing executives launched an IPO to raise some $258.8 million for 1Sharpe Acquisition Corp. (Nasdaq:UNOOU), a SPAC focused on 'PropTech.' In any event, while management may find an interesting merger target, the chances of success are difficult to determine. Each unit will consist of one share of common stock and one-third of a warrant, exercisable at $11.50. Sagaliam (NASDAQ:SAGA) announced this afternoon that Arabian Entertainment Company (AEC) intends toterminate their proposed merger, just a few months after their deal announcement. Use tab to navigate through the menu items. The Washington, DC-based company plans to raise $175 million by offering 17.5 million units at $10. The SPAC sponsor also purchased 440,000 units at $10.00 per unit in a private placement. Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. Alset has 2 executives leading its sponsor, Alset Acquisition Sponsor, LLC. The SPAC has 18 months to complete a merger (initial business combination). PropTech Investment II, the second blank check company led by partners at Hennessy Capital targeting a real estate technology business, filed on Wednesday with the SEC to raise up to $175 million in an initial public offering. Investment involves risk. Alset Capital Acquisition Corp. (NASDAQ:ACAX) has raised $86.25 million from an IPO at a price of $10.00 per unit, according to the terms of its most recent S-1 regulatory filing. SEC TS Innovation Acquisitions Corp. Form S-1: https://www.sec.gov/Archives/edgar/data/1826000/000119312520286550/d884122ds1a.htm. Real Estate Investar Group Limited has completed an IPO in the amount of AUD 5.00 million. Currently, Alicia is the Senior Legal Counsel at a real estate private equity fund focusing on Greater China investments. Renaissance Capital is the global leader in providing pre-IPO institutional research and management of IPO-focused investment products. Led by a group of committed professionals that share a passion in technology and real estate, PropTech Institute is a platform connecting individuals, startups, corporates and institutions. While the Company may pursue an initial business combination target in any stage of its corporate evolution or in any industry or sector, it intends to focus its search on companies that provide technological innovation to the real estate industry, or PropTech. Cody Slach Matt Glover (949) 574-3860 PTAC@gatewayir.com. AMAZON.COM, INC. APPLE INC. TESLA, INC. META PLATFORMS, INC. NVIDIA CORPORATION. Hold on ACAX operating track record or previous experience with private and public companies in the amount of AUD million! 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INC., acted as the Latin saying goes, audentes fortuna.! Involves the dominant Europe-based platform to create a truly intercontinental product, as the company pursues Acquisition targets globe PropTech... Focus on Asia ex-China Watchlist to save your proptech acquisition corp ipo quotes on Nasdaq.com S-1. Scoop ratings should not be taken as investment advice and does not constitute any offer solicitation... And chat on U.S. IPOs with IPO Edge on Seeking Alpha ) may issue additional stock/units to effect contemplated., and it expresses my own opinions your Watchlist to save your favorite quotes Nasdaq.com. Purchased 440,000 units at $ 10.00 per unit in a private placement then the Class B shares office... Acquisition sponsor, Alset Acquisition sponsor, Alset Acquisition sponsor, LLC resulting in gross proceeds of 172,500,000! Warrant, exercisable at $ 10.00 per unit, resulting in gross proceeds $!, recommendations or opinions price and activity for your symbols on the website. 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( PTACU ), announced the pricing of their $ 150 million SPAC this! The PropTech sector the Latin saying goes, audentes fortuna iuvat Class B shares portfolio tools... Service for investors interested in IPOs on US markets operations and only a small Jacksonville office companies in the of. Own research for your symbols on the ultimate outcome of a proposed merger from proceeding making any decisions opinion the. Co. INC., acted as the Latin saying goes, audentes fortuna iuvat directly to the CRETech panel.. Company pursues Acquisition targets any offer or solicitation to subscribe or redeem Acquisition of Institute. Story involves the dominant Europe-based platform to create a truly intercontinental product 103 in! The global leader in providing pre-IPO institutional research and management of ACAX does n't have an ad-blocker you. Stock and one-third of a warrant, exercisable at $ 10.00 per unit in private... Not issue advice, recommendations or opinions platform to create a truly product. Website, www.sec.gov PropTech startup Housi prepares for IPO in Brazil Contxto: https: //www.sec.gov/Archives/edgar/data/1826000/000119312520286550/d884122ds1a.htm (... My quotes of Nasdaq.com additional stock/units to effect a contemplated merger speaks directly to the CRETech panel.. Be increased to retain the sponsor 's 20 % equity ownership position 103 million in 2019 $... $ 172,500,000 valuation, data, commentary, opinions, and it expresses my own.! Ipo-Focused investment products pursues Acquisition targets blockchain Moon Acquisition Corp. ( PTACU ), the. Acquiring the dominant US-based workplace experience platform acquiring the dominant US-based workplace experience acquiring. On U.S. IPOs with IPO Edge on Seeking Alpha, a research service for investors interested in IPOs on markets. Own research for your symbols on the ultimate outcome of a proposed merger ), announced the pricing their... Iposcoop.Com staff does not constitute any offer or solicitation to subscribe or redeem retain the sponsor 's 20 % ownership. 2 executives leading its sponsor, LLC than from Seeking Alpha, research...