Welcome to our dedicated page for Genesis Unicorn Capital news (Ticker: GENQU), a resource for investors and traders seeking the latest updates and insights on Genesis Unicorn Capital stock.
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Environmental Solutions Group Holdings Limited (ESG) and Genesis Unicorn Capital Limited (GENQ) have entered a merger agreement, leading to the combined entity being named ESGL Holdings Limited, with an implied pro forma enterprise value of $161.25 million. The merger is anticipated to close in Q2 2023, subject to regulatory approvals. ESG focuses on sustainable circular economy solutions and aims to expand into ASEAN markets. ESG's management will lead the new company, with plans to list on Nasdaq under the ticker ESGL.
Genesis Unicorn Capital Corp. (Nasdaq: GENQU) announced that holders of its initial public offering units can begin separate trading of their underlying securities starting April 7, 2022. The units are composed of one Class A common stock and one redeemable warrant, each warrant allowing the purchase of another share at $11.50. These units will continue to trade under the symbol GENQU, while separated Class A common stock and warrants will trade under GENQ and GENQW, respectively. The offering was managed by EF Hutton and the SEC declared the registration statement effective on February 14, 2022.
Genesis Unicorn Capital Corp. closed its initial public offering, issuing 7,500,000 units priced at $10.00 each, totaling $86,250,000 in gross proceeds. Each unit comprises one share of Class A common stock and one warrant to purchase another share at $11.50. The offering included an over-allotment of 1,125,000 units. The units started trading on Nasdaq under the ticker GENQU on February 15, 2022. Genesis Unicorn is a blank check company looking to merge within the healthcare and technology sectors, particularly focusing on biotechnology and pharmaceuticals.
