Greenland Acquisition Corp.
Completed 2019-10-24- CIK 1735041
- GLAC
- Now GTEC
- IPO 2018-07-26
- $45.5M trust
- 215 filings
Successfully merged with Zhongchai Holding (Hong Kong) Limited • Now trading as GTEC
- IPO Size
- $44M
- raised at the IPO
- Trust
- $45.5M
- as of 2019-08-31
- Current Status
- Completed
- from its latest filing
- IPO Year
- 2018
- year it listed
Filings, by quarter
215 filings over 34 quarters; violet bars carry a milestone
- 18 Q2: 5 filings
- 18 Q3: 24 filings
- 18 Q4: 1 filing
- 19 Q1: 4 filings
- 19 Q2: 3 filings
- 19 Q3: 19 filings
- 19 Q4: 23 filings
- 20 Q1: 5 filings
- 20 Q2: 8 filings
- 20 Q3: 1 filing
- 20 Q4: 13 filings
- 21 Q1: 4 filings
- 21 Q2: 19 filings
- 21 Q3: 4 filings
- 21 Q4: 11 filings
- 22 Q1: 1 filing
- 22 Q2: 1 filing
- 22 Q3: 4 filings
- 22 Q4: 2 filings
- 23 Q1: 5 filings
- 23 Q2: 4 filings
- 23 Q3: 2 filings
- 23 Q4: 3 filings
- 24 Q1: 4 filings
- 24 Q2: 4 filings
- 24 Q3: 2 filings
- 24 Q4: 3 filings
- 25 Q1: 2 filings
- 25 Q2: 9 filings
- 25 Q3: 1 filing
- 25 Q4: 7 filings
- 26 Q1: 11 filings
- 26 Q2: 2 filings
- 26 Q3: 4 filings
- S-1 filed 18 Q2
- IPO 18 Q3
- Completed 19 Q4
SPAC Overview
Where it stands on the road from S-1 to merger
Timeline Progress
About
Greenland Acquisition Corporation is a blank-check company seeking an initial business combination. It intends to prioritize targets operating in China, especially technology-enabled services and other sectors it considers strategically significant to the Chinese economy.
Investment Focus
Technology, Renewable Energy, Healthcare, Consumer, Retail, Energy, Natural Resources, Food & Beverage, Manufacturing, Education
Geographic Focus
China
Key Information
As the filings state it
- IPO Date
- 2018-07-26
- Jurisdiction of Incorporation
- British Virgin Islands
- SIC
- 6770
- Completion Date
- 2019-10-24
- Merger Target
- Zhongchai Holding (Hong Kong) Limited
- SPAC Ticker
- GLAC
- Merged Ticker
- GTEC
Stock Performance
GTECTrading symbol, and its price at each step since the first trade
| Point | Date | Price | Move |
|---|---|---|---|
| First Trade | 2018-08-08 | $9.68 | |
| At Merger | 2019-10-25 | $7.51 | -22% |
| 6 Months Post-Merger | 2020-04-27 | $2.00 | -73% |
| 1 Year Post-Merger | 2020-10-26 | $2.43 | -68% |
| 2 Years Post-Merger | 2021-10-25 | $5.90 | -21% |
| Current Price | 2026-10-14 | $0.67 | -93% |
SPAC Team
The banks on its IPO, and the team as the filings describe it
Underwriters
Extended Team Information
The team combines experienced financial-services and accounting professionals with senior operating executives of Chinese companies, and collectively has decades of M&A and operating-company experience.