Three IPOs and four SPAC went public in the week of May 9, 2022 led by Hanover Bancorp Inc (NASDAQ: HNVR), a community bank with eight branches in New York and New Jersey, raised $27 million at a $153 million market cap and finished 3% above its IPO price.
Provider of hydraulic fracturing and completion services to upstream E&Ps in North America, ProFrac Holding Corp (NASDAQ: PFHC), raised $288 million at a $2,524 million market cap and finished 1% above its IPO price.
Provider of hybrid fiber-copper equipment solutions to telecom and IoT networks, Actelis Networks Inc (NASDAQ: ASNS), raised $15 million at a $69 million market cap and finished 40% below its IPO price.
The four SPAC went public this past week are:
1. Investcorp India Acquisition (businesses in India SPAC)
2. Monterey Capital Acquisition (clean energy transition space SPAC)
3. Global Blockchain Acquisition (blockchain tech firms SPAC)
4. Prime Number Acquisition (tech-enabled financial companies SPAC)
Together, all the SPACs raised a total of $515 million.
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