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EC Assets to list $250 million Tech SPAC in NYC
The Luxembourg-based team at EC Assets, led by Ludwig Klatzka, is currently preparing to list a SPAC in New York. The prospectus and the listing application for this are to be filed with the SEC in New York before the end of March. EC Assets intends to issue a total of 25 million units exclusively to institutional investors at a price of $10.00 per unit, representing a placement volume of $250 million. The period of this placement is expected to be completed by the end of April 2021. With its expertise in place, the team intends to acquire a late-stage, IPO-ready tech company with primary operations in Europe, the United…
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EC Assets opened new Luxembourg office
From this new office in the heart of the business district of the financial center of Luxembourg, all European investments of ec assets will be managed in the future. Key tasks of this location will include the planning and issuance of further bonds as well as the execution of IPOs of portfolio companies. In particular, the Private Equity division of our company and the related capital market transactions will be managed from Luxembourg in the future. Direct access to this important European hub for securitizations and structured financial instruments, as well as to a recognized platform for the execution of important international IPOs, were high priorities in our decision for…
