Blank Check IPOs (SPACS) Message Board

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Technology Stocks : Blank Check IPOs (SPACS)

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From: sixty2nds	10/13/2020 7:14:43 PM
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seekingalpha.com Blank-check company Seaport Global Acquisition readies IPO Oct. 13, 2020 3:28 PM ET\|By: Vandana Singh, SA News Editor Blank-check company Seaport Global Acquisition (SGAMU) has filed preliminary prospectus, sponsored by Seaport Global Asset Management (SGAM), to raise $125M in an IPO. The New York-based company plans to offer 12.5M units at $10. Each unit consists of one share of common stock and 1/2 of a warrant, exercisable at $11.50. At the proposed deal size, Seaport Global Acquisition would command a market value of $156M. The company is led by CEO and Chairman Stephen Smith, founder of The Seaport Group and founder & CEO of SGAM. Seaport Global Acquisition plans to capitalize on inefficiencies in the post-pandemic reorganization market and target companies emerging from a reorganization or distressed situation.

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