Garnero Group Acquisition Co
Liquidated 2016-07-18- CIK 1603969
- GGAC
- IPO 2014-06-26
- $145M trust
- 123 filings
- IPO Size
- $125M
- raised at the IPO
- Trust
- $145M
- as of 2016-03-31
- Current Status
- Failed
- from its latest filing
- IPO Year
- 2014
- year it listed
Filings, by quarter
123 filings over 10 quarters; violet bars carry a milestone
- 14 Q2: 24 filings
- 14 Q3: 9 filings
- 14 Q4: 12 filings
- 15 Q1: 7 filings
- 15 Q2: 2 filings
- 15 Q3: 8 filings
- 15 Q4: 6 filings
- 16 Q1: 16 filings
- 16 Q2: 24 filings
- 16 Q3: 15 filings
- S-1 filed 14 Q2
- IPO 14 Q2
- Liquidated 16 Q3
SPAC Overview
Where it stands on the road from S-1 to merger
Timeline Progress
About
Garnero Group Acquisition Company is a blank-check company formed to complete a merger or similar business combination with one or more target businesses. It initially intends to seek energy (including renewables) and biotechnology businesses in Latin America, especially Brazil, or Europe, and businesses in those sectors elsewhere that could benefit from expansion into those regions.
Investment Focus
Energy, Renewable Energy, Biopharmaceuticals
Geographic Focus
Latin America, Brazil, Europe
Key Information
As the filings state it
- IPO Date
- 2014-06-26
- Total Redemptions
- $124M
- Jurisdiction of Incorporation
- Cayman Islands
- SIC
- 6770
- Failed Date
- 2016-07-18
- SPAC Ticker
- GGAC
SPAC Team
The banks on its IPO, and the team as the filings describe it
Underwriters
Extended Team Information
The team includes Mario Garnero, founder of the Brasilinvest merchant bank; Javier Martin Riva, formerly an executive director at Guggenheim Partners and an executive at Goldman Sachs and Barclays; John Tonelli, an investment banker and attorney; Amir Adnani, co-founder and CEO of Uranium Energy Corp.; and Nelson Filho, a director of Brazil's ANP. The directors bring financial, energy, industrial, and international business experience.