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Iron Spark I announced it cannot complete its business combination with Hypebeast Limited by year-end. The extension for the business combination deadline was approved, moving it from June 11, 2023, to December 28, 2022. The company plans to dissolve and liquidate shortly after this date, redeeming all outstanding public shares at an expected price of approximately $10.09 per share. The liquidation process will allow investors to receive their pro rata share, while beneficial owners in street name will not need to take action for the redemption.
Iron Spark I Inc. (ISAA) has declared a quarterly cash dividend of
Hypebeast Limited (HKSE: 00150) announced that Coresight Research has initiated company-sponsored research coverage on the platform. This follows Hypebeast's definitive agreement with Iron Spark I Inc. (Nasdaq: ISAA) to go public in the U.S. market, pending stockholder approval and other conditions. The business combination is anticipated to close in Q3 2022, after which Hypebeast will be dual-listed on NASDAQ as "HYPE" while maintaining its Hong Kong listing. The full report by Coresight Research highlights Hypebeast’s potential in the digital media landscape.
Hypebeast Limited and Iron Spark I Inc. announced the filing of an amended registration statement on Form F-4 with the SEC concerning their proposed business combination. This transaction is expected to close in Q3 2022, pending Iron Spark's stockholder approval. Upon closure, the combined company will operate as Hypebeast and is expected to dual-list under the symbol 'HYPE' on NASDAQ and maintain its listing in Hong Kong. Hypebeast, founded in 2005, has grown into a media company with over 44.7 million users globally.
Iron Spark I Inc. has declared a quarterly cash dividend of
Hypebeast Limited, a digital media and e-commerce company, is set to merge with Iron Spark I Inc., a SPAC, to become dual-listed on NASDAQ and the Hong Kong Stock Exchange. The merger, anticipated to close in Q3 2022, will yield up to US$180 million in proceeds, valuing Hypebeast at US$534 million. Hypebeast projects US$112 million in revenue for FY 2022, reflecting a 34% CAGR from 2015 to 2021. The partnership aims to enhance Hypebeast's growth through investments in technology and marketing, further engaging its robust audience of over 26 million followers.
Iron Spark I Inc. (ISAA) announced a quarterly cash dividend of $0.05 per share for holders of its Class A Common Stock, authorized on December 21, 2021. The dividend is set to be payable on April 15, 2022 to stockholders of record as of April 8, 2022. This move reflects the company's commitment to providing returns to its shareholders while it continues to seek business combinations predominantly within consumer brands.
Iron Spark I Inc. (NASDAQ: ISAA) declared a quarterly cash dividend of $0.05 per share for its Class A Common Stock, approved on December 21, 2021. The dividend is set to be paid on January 14, 2022 to shareholders on record by January 7, 2022. The company aims to pursue consumer brand targets for potential business combinations through its special purpose acquisition structure.
Iron Spark I Inc. (ISAA) recently announced a quarterly cash dividend of
Iron Spark I Inc. (NASDAQ: ISAA) announced the closing of an additional issuance of 1,680,000 shares of Class A Common Stock, generating gross proceeds of $16,800,000. This brings the total gross proceeds from its initial public offering to $166,800,000. The shares were sold at the initial offering price of $10.00 each. Morgan Stanley served as the sole book-running manager for this offering, and the SEC declared the registration statement effective on June 8, 2021. The company aims to pursue mergers or acquisitions with consumer brands valued between $750 million and $3 billion.
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