NEW
YORK, Nov. 14, 2023 /PRNewswire/ -- Global
Lights Acquisition Corp (the "Company"), a blank check company
incorporated in the Cayman
Islands, today announced the pricing of its initial public
offering of 6,000,000 units at a price of $10.00 per unit. Each unit consists of one
ordinary share and one right, with each right entitling the holder
thereof to receive one-sixth of one ordinary share upon
consummation of an initial business combination. The units are
expected to be listed on the Nasdaq Global Market ("Nasdaq") and
trade under the ticker symbol "GLACU" beginning on November 14, 2023. After the securities
comprising the units begin separate trading, the ordinary shares
and rights are expected to be listed on Nasdaq under the symbols
"GLAC" and "GLACR," respectively. The offering is expected to close
on November 16, 2023, subject to
customary closing conditions.
Chardan Capital Markets, LLC ("Chardan") is acting as sole
book-running manager of the offering. The Company has granted the
underwriters a 45-day option to purchase up to an additional
900,000 units at the initial public offering price to cover
over-allotments, if any.
A registration statement relating to these securities was
declared effective by the U.S. Securities and Exchange Commission
(the "SEC") on November 13, 2023.
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 offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
The offering is being made only by means of a prospectus. When
available, copies of the prospectus relating to the offering may be
obtained by contacting Chardan, 17 State Street, 21st Floor
New York, NY 10004. Copies of the
registration statement can be accessed through the SEC's website at
www.sec.gov.
About Global Lights Acquisition Corp
The Company is a blank check company incorporated in the
Cayman Islands for the purpose of
acquiring, engaging in a share exchange, share reconstruction and
amalgamation with, purchasing all or substantially all of the
assets of, entering into contractual arrangements with, or engaging
in any other similar business combination with one or more
businesses or entities.
While the Company may pursue an acquisition or a business
combination target in any business, industry or geography, the
Company intends to focus its search on a target that provides
solutions promoting sustainable development and focuses on
environmentally sound infrastructure and industrial applications
that eliminate or mitigate greenhouse gas emissions, and/or enhance
resilience to climate change.
Forward Looking Statements
This press release contains statements that constitute
"forward-looking statements," including with respect to the initial
public offering and search for an initial business combination. No
assurance can be given that the offering discussed above will be
completed on the terms described, or at all, or that the proceeds
of the offering will be used as indicated. Forward-looking
statements are subject to numerous conditions, many of which are
beyond the control of the Company, including those set forth in the
Risk Factors section of the Company's registration statement and
preliminary prospectus for the initial public offering filed with
the SEC. Copies are available on the SEC's website, www.sec.gov.
The Company undertakes no obligation to update these statements for
revisions or changes after the date of this release, except as
required by law.
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SOURCE Global Lights Acquisition Corp
