Corporate ActionAug 4, 2026, 04:40 PM
Crestone Strategic Capital Acquisition Corp IPO of 7.5M Shares at $10
AI Summary
Crestone Strategic Capital Acquisition Corporation filed an amendment to its S-1 registration statement for an initial public offering of 7,500,000 ordinary shares at $10.00 each, aiming to raise $75,000,000. The blank check company, a Cayman Islands exempted company, will deposit $10.20 per share, totaling $76,500,000, into a trust account. The sponsor will also purchase 351,750 private placement shares for $3,517,500, and the company has 12 months to complete a business combination.
Key Highlights
- Initial public offering of 7,500,000 ordinary shares at $10.00 per share.
- Total offering size of $75,000,000.
- Sponsor, Crestone Strategic Capital Limited, to purchase 351,750 private placement shares for $3,517,500.
- Sponsor holds 3,354,167 founder shares purchased for $25,000.
- Approximately $76,500,000 ($10.20 per share) to be deposited into a trust account.
- Company has 12 months to complete an initial business combination.
- Intends to apply for listing on Nasdaq under the symbol "CSCM".
Price Impact
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