The globally popular SPAC concept is entering Central Europe, and bringing investors a unique opportunity to participate in the first ever SPAC IPO on the Prague Stock Exchange (PSE).
The first SPAC in Central Europe, WOOD SPAC One, will be listed on the Prague Stock Exchange in 1H22. Experienced experts from the WOOD & Company investment bank are working on its implementation in cooperation with Oaklins, an international advisory firm that has already completed several SPAC transactions in other markets.
A financially healthy and growing company led by capable management
Capital for expansion and growth
A special purpose acquisition company, or SPAC, is an investment instrument that accelerates the way a privately-owned company becomes listed on a stock exchange. Initially, it is an “empty” publicly-traded company (a SPAC is often referred to as a “Blank Check Company“) that does not conduct any business activity at the time of listing. By issuing its shares, such a company obtains the funding for a merger with a privately-held company, the acquisition of which it is considering.
WOOD SPAC One’s goal is to acquire a significant minority stake in a healthy Czech or Central European mid-sized company that has significant growth potential, and is seeking capital for its further development.
Unique opportunity to invest in a healthy Central European company with growth potential in an attractive market.
Investor shares and warrants will be traded every business day on the Prague Stock Exchange from the time of the SPAC IPO.
The opportunity to participate in a private equity investment in a modern sector, such as technology or e-commerce, starting from an affordable investment amount.
99% of the volume of invested funds from investors is kept in an escrow account until the acquisition is approved.
The sectors that WOOD SPAC One will focus on are technology, e-commerce and engineering.
Investors can actively participate in a SPAC’s decision-making process, such as voting on the acquisition of the target company.
Each investor will be able to benefit from the opportunity to invest together with investment professionals from WOOD & Co., who are responsible for the execution of the entire SPAC project. WOOD & Co. prepares the SPAC in cooperation with two partner offices from Oaklins, which have successfully realised four SPAC transactions in the Netherlands and Italy.
The dynamic SPAC structure also includes, in addition to shares, warrants, which accelerate the returns for investors.
This kind of investment is recommended for investors with experience, who are seeking higher diversification of their portfolios. The minimum investment ticket is CZK 250 200. Due to its structure, a SPAC represents an equity investment that is characterised by a potentially high return, and also higher risk.
In accordance with the specifics of SPAC investment, such as the two-year time limit for finding a target company or the timing of the warrant conversion, the recommended investment horizon is around three-to-five years.
The investment is not suitable for short-term investors.
You can find out whether investing in a SPAC matches your investment profile by completing our investment questionnaire.
The primary listing of WOOD SPAC One shares will be executed by WOOD & Company Financial Services, a.s.
The issue price of one Unit, which includes 6 shares and
6 warrants, is set at CZK 600.
The warrants are converted into additional investor shares upon completion of the acquisition and reaching certain price milestones.
There is no fee for the purchase of shares in an IPO.
Investors are entitled to have their shares redeemed by the SPAC if they have voted against the acquisition of the target company.
Beyond the terms of the redemption, investors can sell or buy SPAC shares on the Prague Stock Exchange on any business day at the market price from the time the SPAC is listed on the market.
3 May 2022, Prague – WOOD SPAC One closed the bookbuilding period of the first-ever SPAC listing on the Prague Stock Exchange (PSE) on 29 April 2022.
WOOD SPAC One has extended the bookbuilding period of the first SPAC on the Prague Stock Exchange by one month.
Czech investment banking group WOOD & Company plans to raise up to 1 billion crowns ($47.21 million) in what would be central Europe's first blank cheque firm.
Co-owner Ľubomír Šoltýs explained to HN which companies can benefit the most from the concept, but he also responded to the criticism that financial magicians make with him.
The sponsors of the SPAC project are Jan Sýkora, Vladimír Jaroš and Ľubomír Šoltýs, partners of WOOD & Company, the leading investment bank in CEE, focused on providing corporate finance and capital markets services, securities brokerage, and asset management. Founded in 1991, and has offices in seven European cities, including its headquarters in Prague.
WOOD & Company is a member of several major stock exchanges across the world and, at the same time, it is the largest trader on the Prague Stock Exchange. It trades shares in the amount of EUR 25 bn annually, which confirms the company’s strong position in the local capital markets. Assets managed by the group amount to almost EUR 1,5 bn in the areas of medical goods and healthcare, the pharmaceuticals industry, waste management, real estate, and information technology.
Would you like to invest in WOOD SPAC One or find out more information? Please contact our sales team.
Please read the following important information concerning the guidelines for accessing this website and the use of the materials and information contained herein carefully. The laws of certain countries outside the Czech Republic may restrict access to the information contained in this website. Please note that the information provided below may be subject to changes or updates. Consequently, you should review it before accessing the material on this website each time.
It is understood that, by clicking “CONTINUE”, you acknowledge that you have read this important information, understand it and are fully aware of its importance.
THE INFORMATION ACCESSED THROUGH THIS WEBSITE IS DIRECTED SOLELY FOR PERSONS WHO ARE NOT RESIDENTS OF THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN, HONG KONG, NEW ZEALAND, SINGAPORE, SWITZERLAND OR THE REPUBLIC OF SOUTH AFRICA, AND WHO ARE NOT PHYSICALLY PRESENT IN THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN, HONG KONG, NEW ZEALAND SINGAPORE, SWITZERLAND OR THE REPUBLIC OF SOUTH AFRICA. THIS INFORMATION DOES NOT CONSTITUTE AN OFFER OR SOLICITATION TO PURCHASE SECURITIES OF WOOD SPAC ONE A.S.(THE “COMPANY”) IN THE UNITED STATES OF AMERICA OR ANY OTHER JURISDICTION IN WHICH SUCH AN OFFER OR SOLICITATION IS NOT AUTHORISED OR TO ANY PERSON IF TO DO SO WOULD BE UNLAWFUL. PROSPECTIVE USERS OF THIS INFORMATION ARE REQUIRED TO ACQUAINT THEMSELVES WITH AND TO OBSERVE ANY SUCH RESTRICTIONS.
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The public offering of the Company’s securities in the Czech Republic (the “Offering”) referred to in the materials to which you will obtain access will be conducted on the basis of a prospectus, which was published after its approval by the Czech National Bank (the “CNB”) and which is the sole legally binding offering document containing information about the Company and the securities offered by the Company and admission to listing on a regulated market operated by the Prague Stock Exchange.
Neither the Prospectus nor the securities of the Company to which it refers will be subject to registration, approval or notification in any country outside the Czech Republic, in particular under the Prospectus Regulation or the US Securities Act, and may not be offered or sold outside the Czech Republic (including other countries of the European Union and the United States of America), unless, in a given country, such an offer or sale could be conducted in compliance with the law without the necessity of meeting any additional legal requirements by the Company, the selling shareholders or their advisors.
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