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Global Consumer Acquisition Corp. (NASDAQ: GACQU, GACQ, GACQW) has extended its period to complete a business combination by three months, now until December 11, 2022. The Sponsor deposited $1,826,300 into the trust account, aiming to facilitate the merger with industry leaders GP Global and Luminex. This extension will allow GACQ more time to finalize the acquisition of companies with strong market positions in Air Care and Personal Care sectors while providing significant synergies and growth potential.
Global Consumer Acquisition Corp. (NASDAQ: GACQU, GACQ, GACQW) announced an extension of its business combination deadline to December 11, 2022. This extension allows the company additional time to finalize its proposed merger with GP Global Limited and Luminex Home Décor & Fragrance Holding Corporation. The sponsor will deposit $1,826,300 into GACQ’s trust account as part of this process. Both GP Global and Luminex are industry leaders in Air Care and Personal Care, which could enhance GACQ’s market presence and product offerings.
Global Consumer Acquisition Corp. (NASDAQ: GACQU, GACQ, GACQW) has extended the timeframe for its business combination by three months, depositing $1,826,300 into its trust account. This decision, made on June 13, 2022, allows GACQ to pursue its merger with GP Global and Luminex Home Décor & Fragrance Holding Corporation. GP Global and Luminex are leaders in the Air Care and Personal Care sectors, respectively. GACQ's sponsor issued a promissory note to cover the deposit, which can be converted into shares upon a successful merger.
Global Consumer Acquisition Corp. (GACQ) has announced an extension to its business combination deadline, moving it from June 11, 2022, to September 11, 2022. This extension allows GACQ more time to finalize its merger with GP Global Limited and Luminex Home Décor & Fragrance Holding Corporation, both leaders in Air Care and Personal Care sectors. The sponsor, Global Consumer Acquisition LLC, will deposit $1,826,300 into GACQ’s trust account to facilitate this extension. This is the first of two possible three-month extensions allowed under GACQ’s governing documents.
Global Consumer Acquisition Corp. (GACQ) has announced a business combination with GP Global Limited and Luminex Home Decor & Fragrance Holding Corporation. This transaction aims to create Ascense Brands, which will dominate the Air Care market with an anticipated $553 million revenue in 2022. GACQ will change its name and ticker symbol to 'SCNT' upon completion. The deal values the combined entity at $507.1 million, providing $117.5 million in cash for growth. The companies plan to leverage existing brands and customer relationships for market expansion.
Global Consumer Acquisition Corp. (NASDAQ: GACQU) announced that starting July 30, 2021, holders of its units can trade the common stock (GACQ) and warrants (GACQW) separately on NASDAQ. The units, if not separated, will continue to trade under the symbol GACQU. The company focuses on mergers and acquisitions within the consumer products and services sectors, though it remains open to various industries and regions.
Global Consumer Acquisition Corporation successfully closed its initial public offering (IPO) of 17 million units, priced at $10.00 each, beginning trading on Nasdaq under the symbol GACQU on June 9, 2021. Each unit includes one share of Class A common stock and one-half of a redeemable warrant, which can be exercised at $11.50 per share. The company aims to pursue acquisitions primarily in the consumer products and services sectors, led by Co-Chairmen Rohan Ajila and Gautham Pai. The offering was underwritten by Kingswood Capital Markets.
Global Consumer Acquisition Corporation announced its initial public offering (IPO), pricing 17,000,000 units at $10.00 each. The units will trade on Nasdaq under the symbol GACQU starting June 9, 2021. Each unit comprises one share of Class A common stock and half a redeemable warrant, with full warrants priced at $11.50 per share. The Company, a blank check entity, plans to pursue merger opportunities, particularly in the consumer products and services sectors, leveraging the management team's expertise. Kingswood Capital Markets serves as the sole bookrunner.
