IPO - Giant Oak Acquisition Corp

Form Type: S-1/A

Filing Date: 2025-04-08

Corporate Action: Ipo

Type: New

Accession Number: 000110465925032999

Filing Summary: Giant Oak Acquisition Corporation, incorporated as a British Virgin Islands business company, is filing for an initial public offering (IPO) and seeks to raise $60,000,000 by offering 6,000,000 units at $10.00 each. Each unit consists of one ordinary share and one right to receive one-tenth of an ordinary share upon completion of an initial business combination. The company is a blank check entity formed to effect a merger or similar business combination with another business entity but has yet to select a specific target or initiate any substantive discussions regarding potential mergers. If the company does not complete a business combination within 12 months from closing the offering, or 21 months if extended, it plans to redeem public shares. The sponsor, Blue Engine Management Corporation, has agreed to purchase additional units in a private placement. Risks and uncertainties relating to potential operations in China are discussed, indicating that the company may face regulatory challenges and might need to avoid acquiring firms with ties to mainland China to mitigate these risks. The prospectus warns of legal complexities regarding VIEs in China and the potential for significant negative impacts on the company's operations and securities if the Chinese government imposes restrictions around foreign investments or audit inspections.

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Form Type: S-1/A

Filing Date: 2025-03-19

Corporate Action: Ipo

Type: Update

Accession Number: 000110465925025498

Filing Summary: On March 19, 2025, Giant Oak Acquisition Corporation filed an amendment to its S-1 registration statement with the SEC, signaling its intention to conduct an initial public offering (IPO) of 6,000,000 units, each unit priced at $10.00. The company, incorporated in the British Virgin Islands, is a blank check company formed for the purpose of effecting a business combination, which may include a merger or acquisition with another company. The prospectus outlines that the company is currently seeking a business combination target and has not initiated any substantive discussions regarding potential targets. It highlights the significant regulatory challenges and risks associated with potential business operations in China, particularly in light of recent regulatory developments by the Chinese government that could affect foreign investments. The registration statement includes details about the offer, including a provision for an underwriter's option to purchase additional units to cover over-allotments and specific provisions regarding the redemption of public shares upon the completion of a business combination. The company’s sponsor has committed to purchase additional units in a private placement to secure funding related to the offering, illustrating a structured approach to raise capital and ensure liquidity upon the connection with a target company. Overall, the filing serves as a preliminary prospectus that implies a substantial commitment to enter the public market and pursue strategic business consolidation opportunities in the near future while navigating the complexities of regulatory frameworks.

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Form Type: S-1/A

Filing Date: 2025-01-31

Corporate Action: Ipo

Type: New

Accession Number: 000110465925007934

Filing Summary: Giant Oak Acquisition Corporation is a blank check company formed in the British Virgin Islands intending to effect a business combination such as a merger or acquisition. This S-1/A amendment, filed on January 31, 2025, outlines a public offering of 6,000,000 units at a price of $10.00 each, totaling $60,000,000. Each unit consists of one ordinary share and one right to receive one-tenth of an ordinary share upon the completion of the initial business combination. The document details the terms of the offering, the lack of specific target acquisitions, and the possibility for an extension of the business combination period under certain conditions. It highlights regulatory considerations for operations in mainland China and potential risks in acquiring a business in this region. The company does not have any subsidiaries or operations at this time apart from organizational activities and is classified as a smaller reporting and emerging growth company. It emphasizes the absence of any prior public market for its securities.

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