CM Seven Star Acquisition Corp
Completed 2019-04-30- CIK 1713539
- CMSS
- Now KXIN
- IPO 2017-10-27
- $214M trust
- 274 filings
Successfully merged with Kaixin Auto Group • Now trading as KXIN
- IPO Size
- $206M
- raised at the IPO
- Trust
- $214M
- as of 2019-03-31
- Current Status
- Completed
- from its latest filing
- IPO Year
- 2017
- year it listed
Filings, by quarter
274 filings over 37 quarters; violet bars carry a milestone
- 17 Q3: 5 filings
- 17 Q4: 31 filings
- 18 Q1: 8 filings
- 18 Q2: 6 filings
- 18 Q3: 1 filing
- 18 Q4: 7 filings
- 19 Q1: 30 filings
- 19 Q2: 48 filings
- 19 Q3: 6 filings
- 19 Q4: 2 filings
- 20 Q1: 1 filing
- 20 Q2: 4 filings
- 20 Q3: 10 filings
- 20 Q4: 6 filings
- 21 Q1: 4 filings
- 21 Q2: 9 filings
- 21 Q3: 4 filings
- 21 Q4: 1 filing
- 22 Q1: 0 filings
- 22 Q2: 3 filings
- 22 Q3: 10 filings
- 22 Q4: 13 filings
- 23 Q1: 6 filings
- 23 Q2: 5 filings
- 23 Q3: 8 filings
- 23 Q4: 6 filings
- 24 Q1: 6 filings
- 24 Q2: 3 filings
- 24 Q3: 5 filings
- 24 Q4: 5 filings
- 25 Q1: 1 filing
- 25 Q2: 0 filings
- 25 Q3: 3 filings
- 25 Q4: 6 filings
- 26 Q1: 3 filings
- 26 Q2: 4 filings
- 26 Q3: 4 filings
- S-1 filed 17 Q3
- IPO 17 Q4
- Definitive agreement 18 Q4
- Completed 19 Q2
SPAC Overview
Where it stands on the road from S-1 to merger
Timeline Progress
About
CM Seven Star Acquisition Corporation is a blank-check company formed to effect a business combination with one or more businesses.
Key Information
As the filings state it
- IPO Date
- 2017-10-27
- PIPE
- $7.5M
- Jurisdiction of Incorporation
- Cayman Islands
- SIC
- 6770
- Completion Date
- 2019-04-30
- Merger Target
- Kaixin Auto Group
- SPAC Ticker
- CMSS
- Merged Ticker
- KXIN
Stock Performance
KXINTrading symbol, and its price at each step since the first trade
| Point | Date | Price | Move |
|---|---|---|---|
| First Trade | 2017-11-06 | $9.68 | |
| At Merger | 2019-05-01 | $2.81 | -71% |
| 6 Months Post-Merger | 2019-10-31 | $1.40 | -50% |
| 1 Year Post-Merger | 2020-04-30 | $1.04 | -63% |
| 2 Years Post-Merger | 2021-04-30 | $2.63 | -6% |
| Current Price | 2026-10-16 | $1.65 | -83% |
SPAC Team
The banks on its IPO, and the team as the filings describe it
Underwriters
Extended Team Information
The team has cross-border, financial-markets, investment banking and asset-management experience, including through its sponsor Shareholder Value Fund and its relationship with China Minsheng Investment Group. Its members include executives with prior SPAC experience and backgrounds in investing, operations and capital markets.