Hypebeast Limited to Acquire Iron Spark I Inc in SPAC Merger
April 4, 2022
Hypebeast Limited and Nasdaq-listed SPAC Iron Spark I Inc (ISAA) entered into a definitive merger agreement under which Hypebeast is expected to acquire Iron Spark and become dual-listed on the Nasdaq and the Hong Kong Stock Exchange. The deal is expected to provide up to US$180 million in gross proceeds and is targeted to close in the third quarter of 2022, subject to customary approvals and closing conditions.
- Buyers
- Hypebeast Limited
- Targets
- Iron Spark I Inc. (Nasdaq: ISAA)
- Industry
- Media & Entertainment
- Location
- Hong Kong
- Transaction Type
- Buyout
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