other material
confidence high
sentiment neutral
materiality 0.60
TGE Value Creative Solutions Corp completes IPO of 15M units at $10, raising $150M gross
TGE Value Creative Solutions Corp
- IPO of 15,000,000 units at $10/unit, gross proceeds $150M.
- Sponsor purchased 5,300,000 private warrants at $0.50, underwriter 1,764,706 at $0.85, raising $4.15M.
- Total $150M placed in trust account; $683,798 cash outside trust.
- Balance sheet shows $150M Class A shares subject to redemption, $5.68M accumulated deficit.
- SPAC must complete business combination within 24 months or liquidate.