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US IPOs Weekly Recap
Week of June 6, 2022

Esther Thin

One IPOs and one SPAC went public in the week of June 6, 2022 led by Phoenix Motor Inc (NASDAQ: PEV), a maker of electric vehicles and drive systems being spun out of SPI Energy, raised $16 million at a $155 million market cap and finished 57% below its IPO price.

The one SPAC went public this past week are:

1.      Acri Capital Acquisition (technology-enabled sectors in North America SPAC)

Together, all the SPACs raised a total of $75 million.

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