Arowana Inc.
Completed 2016-12-28- CIK 1622577
- ARWA
- Now VIVO
- IPO 2015-05-01
- $84.5M trust
- 99 filings
Successfully merged with VivoPower International PLC • Now trading as VIVO
- IPO Size
- $72M
- raised at the IPO
- Trust
- $84.5M
- as of 2016-08-31
- Current Status
- Completed
- from its latest filing
- IPO Year
- 2015
- year it listed
Filings, by quarter
99 filings over 10 quarters; violet bars carry a milestone
- 14 Q4: 8 filings
- 15 Q1: 5 filings
- 15 Q2: 21 filings
- 15 Q3: 2 filings
- 15 Q4: 3 filings
- 16 Q1: 7 filings
- 16 Q2: 3 filings
- 16 Q3: 11 filings
- 16 Q4: 28 filings
- 17 Q1: 11 filings
- S-1 filed 14 Q4
- IPO 15 Q2
- Definitive agreement 16 Q3
- Completed 16 Q4
SPAC Overview
Where it stands on the road from S-1 to merger
Timeline Progress
About
Arowana Inc. is a blank-check company formed to complete a merger or similar business combination with one or more target businesses. It initially intends to focus on energy businesses, particularly in the Asia Pacific region, while also considering energy businesses elsewhere that could benefit from expanding into those locations.
Investment Focus
Energy
Geographic Focus
Asia Pacific, South East Asia, Australia
Key Information
As the filings state it
- IPO Date
- 2015-05-01
- Total Redemptions
- $62.4M
- Jurisdiction of Incorporation
- New York
- SIC
- 6770
- Completion Date
- 2016-12-28
- Merger Target
- VivoPower International PLC
- SPAC Ticker
- ARWA
- Merged Ticker
- VIVO
Stock Performance
VIVOTrading symbol, and its price at each step since the first trade
| Point | Date | Price | Move |
|---|---|---|---|
| First Trade | 2015-05-27 | $9.75 | |
| At Merger | 2016-12-29 | $7.34 | -25% |
| 6 Months Post-Merger | 2017-06-30 | $3.82 | -48% |
| 1 Year Post-Merger | 2017-12-29 | $2.90 | -60% |
| 2 Years Post-Merger | 2018-12-31 | $0.65 | -91% |
| Current Price | 2026-10-16 | $2.10 | -78% |
SPAC Team
The banks on its IPO, and the team as the filings describe it
Underwriters
Extended Team Information
Kevin Chin founded Arowana & Co. and brings strategic and operational leadership, private equity, M&A and capital-raising experience. Gary Hui brings 20 years of commercial experience, including accounting, M&A, equity capital markets and alternative investments; other directors have experience in business, investment, politics and financial markets.