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Bridgetown Holdings Ltd. (NASDAQ: BTWNU) received a notice from Nasdaq for failing to file its Quarterly Report on Form 10-Q for Q1 2021. This non-compliance with Nasdaq’s listing requirements resulted from a recent SEC statement on accounting for warrants, causing a delay in financial statement updates. The company has until July 27, 2021, to submit a compliance plan, which may grant an extension for up to 180 days if accepted. However, there is no guarantee that compliance will be regained.
Bridgetown Holdings Limited announced that starting December 7, 2020, holders of their 59,499,351 units from the initial public offering can separately trade Class A ordinary shares and warrants. These will trade on Nasdaq under symbols BTWN for shares and BTWNW for warrants. Units that remain intact will continue to trade under symbol BTWNU. The company, a blank check entity, focuses on mergers in technology, financial services, or media in Southeast Asia.
Bridgetown Holdings Limited announced the closure of an additional issuance of 4,499,351 units from its IPO, generating gross proceeds of $44,993,510. This brings the total IPO proceeds to $594,993,510. The company focuses on mergers and acquisitions in technology, financial services, or media sectors within Southeast Asia. Each unit consists of one Class A ordinary share and one-third of a redeemable warrant, with the warrants exercisable at $11.50. The units trade on Nasdaq under the symbol 'BTWNU'.
Bridgetown Holdings Limited announced the successful closing of its initial public offering (IPO) on October 20, 2020, raising $550 million by offering 55 million units at $10 each. This blank check company aims to pursue mergers or acquisitions within Southeast Asia, focusing on technology, financial services, or media sectors. The company’s units began trading on Nasdaq under the ticker symbol ‘BTWNU’ on October 16, 2020. An option for underwriters allows for an additional 8.25 million units to be purchased within 45 days at the IPO price.
Bridgetown Holdings Limited announced the pricing of its initial public offering (IPO) of 55,000,000 units at $10.00 each, under the ticker symbol BTWNU. Trading on Nasdaq begins on October 16, 2020, with the offering expected to close on October 20, 2020. Each unit comprises one Class A share and one-third of a redeemable warrant, with the whole warrant exercisable at $11.50 per share. The company is focused on mergers in technology, financial services, or media sectors in Southeast Asia. UBS Investment Bank and BTIG, LLC are joint-book running managers for the offering.
