Welcome to our dedicated page for Integral Acquisition Corporation 1 news (Ticker: INTE), a resource for investors and traders seeking the latest updates and insights on Integral Acquisition Corporation 1 stock.
Integral Acquisition Corporation 1 Class A Common Stock (symbol: INTE) is a NASDAQ-listed special purpose acquisition company (SPAC) primarily focused on identifying and merging with high-growth companies based in Australia and/or New Zealand. Established as a blank check company, Integral Acquisition Corporation 1 successfully completed its initial public offering (IPO) in November 2021, raising gross proceeds totaling US$116.7 million.
The company has garnered significant investor confidence, evident through forward purchase agreements amounting to an additional US$30 million. The core objective of Integral Acquisition Corporation 1 is to facilitate the growth and development of target companies by providing them with the necessary capital and strategic support they require to accelerate their operational milestones and market expansion.
Integral Acquisition Corporation 1 operates under the ticker symbols INTE, INTEW, and INTEU. The company’s recent achievements and ongoing projects reflect its commitment to creating value for its shareholders and partners. While the company remains industry-agnostic, its primary focus lies in sectors demonstrating rapid growth potential, innovative business models, and significant market opportunities.
As a blank check company, Integral Acquisition Corporation 1 does not have predefined operations but instead seeks to capitalize on the investment and operational expertise of its management team. The team brings a wealth of experience in identifying promising ventures, particularly in dynamic markets such as technology, healthcare, and consumer goods.
In summary, Integral Acquisition Corporation 1 stands as a pivotal platform aimed at fostering growth and delivering shareholder value through strategic mergers and acquisitions. The company's forward-looking approach and robust financial foundation position it as a significant player in the SPAC landscape.
Integral Acquisition Corporation 1 (NASDAQ: INTE) has announced its intention to extend the deadline for its initial business combination from May 5, 2023, to November 3, 2023. This 6-month extension involves additional financial commitments from Integral Sponsor LLC, which will deposit funds into the Trust Account for each month of extension, capped at a total of $630,000. The funds will be held in U.S. treasuries or money market funds, with expected yields of 3.5% per annum. Furthermore, to avoid being classified as an unregistered investment company, the Company may liquidate investments and hold funds in interest-bearing accounts. Subsequently, stockholders are urged to participate in a vote on the extension during a special meeting scheduled for May 3, 2023.
Integral Acquisition Corporation 1 (NASDAQ: INTEU) announced that starting December 16, 2021, investors can trade the Company’s Class A common stock and warrants separately, with stocks trading under symbols ‘INTE’ and ‘INTEW’. Each unit consists of one share of common stock and half a redeemable warrant, with whole warrants allowing the purchase of one share at $11.50. The Company focuses on merging with technology companies in Australia and New Zealand but has no specific targets selected yet.
Integral Acquisition Corporation 1 (Nasdaq: INTEU) has successfully closed its initial public offering, raising $115 million. The IPO, completed on November 5, 2021, involved the sale of 11,500,000 units, priced at $10.00 each. Each unit contains one share of Class A common stock and half a redeemable warrant, with whole warrants exercisable at $11.50 per share. The proceeds from the IPO will primarily support future business combinations targeting technology companies in Australia and/or New Zealand.
Integral Acquisition Corporation 1 has priced its initial public offering at $10.00 per unit, offering 10,000,000 units on Nasdaq under the ticker symbol INTEU. Each unit comprises one Class A common stock share and one half redeemable warrant, exercisable at $11.50 per share. The offering aims to target technology-oriented companies in Australia and New Zealand. Wells Fargo Securities is the sole book-runner, with an option to purchase an additional 1,500,000 units. The registration statement was approved by the SEC on November 2, 2021.
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