Tottenham - TOTAU = 1C, 1R, 1W(1/2c)
As of December 4, 2020, there was approximately $23,053,375.33 in Tottenham’s trust account. may be redeemed from cash held in the trust account will be approximately $11.02 so 2,092,000 float + rights.
Rights 4.6mm? So 460,000?
Extended to Nov 6 2020 - In the Original Proxy Statement, the Charter Amendment and the Trust Amendment would have required our insiders or their affiliates or designees to deposit $0.10 for each public ordinary share that was not redeemed into the trust account for each three month extension. The Company has decided to increase the amount required to be deposited for each 3-month extension to $0.135
Deposited $~600,000 for six months
Trust 10.78 June 30 2020 - $25,276,693
~ 2,344,776 trust common left out.
W - 2 + $11.50 >1C. Call $16.50
Trust = $10.00. As of August 6, 2018, a total of $46,000,000 in trust including overalot.
Deadline 12 months extendable to 21 at 0.10 per 3 month period.
Sole Book-Running Manager -Chardan
Co - Manager I - Bankers Securities, Inc.
The Company’s efforts to identify a prospective target business will not be limited to a particular industry or geographic region, although the Company intends to focus on operating businesses in the TMT (Technology, Media, Telecom), education, e-commerce, health-care and consumer goods industries with primary operations in Asia (with an emphasis in China)
... there can be released to us from the trust account any interest earned on the funds in the trust account that we need to pay our income or other tax obligations. With these exceptions, expenses incurred by us may be paid prior to a business combination only from the net proceeds of this offering not held in the trust account
Norwich Investment Limited, is owned by Mr. Kon Man (Jason) Wong. Mr. Wong has over 25 years of experience in fund management and primary and secondary market investment. Mr. Wong is the founding member and a member of the board of Whiz Partners Asia Ltd. He is also an investment committee member of the Whiz Asia Evolution fund. The fund’s investment strategy focuses on technology, education, and advance manufacturing in Japan and other Asian countries. Since 2000, Mr. Wong has been the managing director of Fortune Capital Group Limited, an investment company that focused on investing in technology companies in China. Prior to that, Mr. Wong was a financial consultant for Transpac Capital Limited, one of the largest and oldest private equity funds and venture capital funds in Asia. Mr. Wong also has extensive experience serving as member of the board of various public companies. He is currently an independent and non-executive director of Ascent International Holdings Limited (Hong Kong Stock Exchange: 264). He was an independent and non-executive director of Group Sense (International) Limited (Hong Kong Stock Exchange: 601), a manufacturer of electronic dictionaries and handheld information devices; Neo-Neon Holdings Limited (Hong Kong Stock Exchange: 1868), a decorative lighting company; Polyard Petroleum International Group Limited (Hong Kong Stock Exchange: 8011), an oil and gas exploration, development and production company; and China Shen Zhou Mining & Resources, Inc. (American Stock Exchange: SHZ), a mining company.