Garnero Group Acquisition Co

CIK: 1603969•Ticker: GGAC

SPAC Overview

$125M
IPO Size
$145M
Trust (as of 2016-03-31)
Failed
Current Status
2014
IPO Year

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

Embarc dashboard

What the sponsor registered, what the deal actually priced at, and every 8-K that moved it — unit structure, sponsor promote, and the dated lifecycle events, each linked to its filing.

  • Unit structure as registered and as priced — price, warrant coverage, rights, trust per unit
  • Sponsor promote: founder shares and percentage, private-placement warrants, trust deposit
  • The full 8-K lifecycle timeline, each event linked to its filing
  • Price history across the unit, share and warrant tickers
  • Follow it, and see it change on your watchlist
Open in the dashboard

SPAC Team

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.

Key Information

IPO Date
2014-06-26
Total Redemptions
$124M
State of Incorporation
E9
SIC
6770
Failed Date
2016-07-22
SPAC Ticker
GGAC