Worlds First Tokenized SPACs: ‘Upstream’ Announces Tokenized SPACs
Mark Elenowitz
Co-Creator Upstream concept. President of GlobexUS Holdings Corp which is the parent of Horizon Fintex, Managing Director Digital Offering, Managing Director TriPoint
‘Upstream’ Announces Tokenized SPACs
Unique opportunity for retail investors to invest in global SPACs on a blockchain
Horizon and MERJ are pleased to announce the launch of tokenized Special Purpose Acquisition Companies “SPACs” that will list on our joint venture 'Upstream,' the revolutionary stock exchange and retail trading app for digital securities.
To date, SPACs have almost exclusively been offered to well-connected institutional investors. This is the world’s first blockchain-based SPAC IPO marketplace, aiming to give retail investors direct access to listed SPAC IPOs using stablecoins or fiat on a regulated Securities Exchange.
As of March 22, 2021, 276 SPACs have raised over $89 billion in gross IPO proceeds.1 Upstream aims to give retail investors direct access to this multi-billion-dollar market. On Upstream, there are no market makers, no short selling, and investors will control tokenized shares and warrants directly from their smartphones.
Upstream’s first tokenized SPACs are expected to be available to global investors commencing mid Q2, 2021 with anticipated SPAC IPO sizes ranging from US$25 million to US$100 million. Interested participants seeking access to these future listings are encouraged to join the waitlist now at https://upstream.exchange/spacs as opportunities will be first come, first served.
Are you from a team of successful deal makers interested in launching a SPAC on Upstream? Connect with us at [email protected].
Click her to read the full press release. Digital Stock Exchange 'Upstream' Announces Tokenized SPACs (accesswire.com)
Disclaimers:
Upstream is a MERJ Exchange market. MERJ Exchange is a licensed Securities Exchange, an affiliate of the World Federation of Exchanges and full member of ANNA. MERJ supports global issuers of traditional and digital securities through the entire asset life cycle from issuance to trading, clearing, settlement and registry. It operates a fair and transparent marketplace in line with international best practice and principles of operations of financial markets. Upstream does not endorse or recommend any public or private securities bought or sold on its app. Upstream does not offer investment advice or recommendations of any kind. All services offered by Upstream are intended for self-directed clients who make their own investment decisions without aid or assistance from Upstream. Customers must comply with applicable law of their own jurisdiction. By accessing the site or app, you agreed to be bound by its terms of use and privacy policy. Company and security listings on Upstream are only suitable for investors who are familiar with and willing to accept the high risk associated with speculative investments, often in early and development stage companies. There can be no assurance the valuation of any particular company's securities is accurate or in agreement with the market or industry comparative valuations. Investors must be able to afford market volatility and afford the loss of their investment. Companies listed on Upstream are subject to significant ongoing corporate obligations including, but not limited to disclosure, filings and notification requirements, as well compliance with applicable quantitative and qualitative listing standards.
THIS PRESS RELEASE SHALL NOT CONSTITUTE AN OFFER TO SELL SECURITIES OR THE SOLICITATION OF AN OFFER TO BUY SECURITIES IN ANY JURISDICTION WHERE SUCH OFFER OR SOLICITATION IS NOT PERMITTED.