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Global Lights Acquisition Corp ( (GLAC) ) has issued an update.
On January 23, 2025, Global Lights Acquisition Corp. (GLAC) and W Straits Limited announced an update on their ongoing negotiations for a definitive business combination agreement. The parties had initially entered into a non-binding letter of intent on November 22, 2024, and have since made significant progress towards finalizing the agreement. The completion of this proposed combination is subject to conditions like due diligence, board, and shareholder approvals. The outcome of this negotiation could impact both companies’ operations and market positioning within the fintech and sustainable development sectors.
More about Global Lights Acquisition Corp
W Straits Limited is a leading international fintech company based in Malaysia, specializing in mergers, acquisitions, and restructuring of key sectors in smart eco-cities, including the financial industry ecosystem, health industry ecosystem, real estate development, and the energy industry. Global Lights Acquisition Corp. (GLAC) is a special purpose acquisition company focused on acquiring targets that promote sustainable development and environmentally sound infrastructure.
YTD Price Performance: 0.56%
Average Trading Volume: 108,246
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $96.03M
For detailed information about GLAC stock, go to TipRanks’ Stock Analysis page.
