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Soaring Eagle Acquisition Corp. announced shareholder approval for its business combination with Ginkgo Bioworks, with 97% in favor and 75% participating in the vote. The transaction is set to close on
Soaring Eagle Acquisition Corp. has announced that its extraordinary general meeting will take place on September 14, 2021, where shareholders are expected to approve the business combination with Ginkgo Bioworks, Inc. The transaction's closing is anticipated on September 16, 2021, with the combined company's stock trading under the ticker symbol 'DNA' on September 17, 2021. This merger aims to transform Ginkgo Bioworks into a public entity, enabling growth in biotechnology sectors.
Soaring Eagle Acquisition Corp. (SRNGU) has announced its intention to voluntarily withdraw its Class A ordinary shares and warrants from Nasdaq and list on the New York Stock Exchange following its business combination with Ginkgo Bioworks, Inc. The company's jurisdiction of incorporation will change from the Cayman Islands to Delaware, and it will be renamed Ginkgo Bioworks Holdings, Inc., with new trading symbols DNA and DNA.WS. The transition to NYSE aims to align with other innovative companies, contingent upon the successful completion of the business combination.
Soaring Eagle Acquisition Corp. announced that holders of its 172,500,000 units, sold during the IPO on February 26, 2021, can trade Class A ordinary shares and warrants separately starting April 19, 2021. Units will continue to trade on Nasdaq under the symbol SRNGU, with Class A shares and warrants trading under SRNG and SRNGW, respectively. The Company, led by experienced executives, aims to pursue a merger or acquisition across various industries, leveraging its management team's global relationships.
Soaring Eagle Acquisition Corp. successfully closed its initial public offering of 172.5 million units at $10.00 each, including the full over-allotment of 22.5 million units. Each unit comprises one Class A ordinary share and one-fifth of a warrant to purchase one share at $11.50. The units began trading on Nasdaq under the ticker SRNGU on February 24, 2021. The company, a blank check firm, aims to identify and acquire a business across various sectors, leveraging extensive management experience. The offering was managed by Goldman Sachs.
