InvestmentJul 14, 2026, 02:51 PM
Crestone Strategic Capital Acquisition Corp Files S-1 for $75M IPO
AI Summary
Crestone Strategic Capital Acquisition Corporation, a blank check company, filed an S-1 registration statement for its Initial Public Offering. The company plans to offer 7,500,000 ordinary shares at $10.00 per share, targeting a raise of $75,000,000. Its sponsor will also purchase 351,750 private placement shares for $3,517,500, with the proceeds primarily deposited into a trust account. The SPAC aims to complete a business combination within 12 months and intends to list its shares on Nasdaq under "CSCM".
Key Highlights
- Crestone Strategic Capital Acquisition Corp filed S-1 for an Initial Public Offering (IPO).
- Offering 7,500,000 ordinary shares at $10.00 per share, aiming to raise $75,000,000.
- Sponsor to purchase 351,750 private placement shares for $3,517,500.
- Trust account to hold $76,500,000 ($10.20 per share) from the offering.
- Company is a blank check company (SPAC) seeking a business combination within 12 months.
- Intends to list shares on The Nasdaq Global Market under the symbol "CSCM".
- Hongtao Sun appointed CEO and Chairman, Wenxi He as CFO and Director.
Price Impact