Jan 07, 2022 | Akanksha Gupta
US-based digital transformation leader and serial investor, Sajan Pillai promoted McLaren Technology Acquisition Corp. announces the closing of $201,250,000 Initial Public Offering, which is approximately INR 1500 CR. The offering included $2.625 million units issued to underwriters upon full exercise of their overallotment option. This is the second Indian promoted SPAC to go for a listing at Nasdaq and the first banking and insuretech focused SPAC of Indian origin. The stock debuted on Nasdaq at $10.05 and closed at $10.07 on November 3 on a volume of 15,344,818.
With the goal to rev up investments and incubate B2B tech start-ups in India, McLaren is the first of its kind fintech start-up acquisition company, promoted by Sajan Pillai, to further boost the tech startup sector while riding on the digital transformation wave. Anchored on India’s booming fintech segment, the SPAC aims to identify and acquire promising start-ups focusing on the banking, financial services, and insurance sectors that leverage artificial intelligence, machine learning, and digital technology in their offerings. Companies with enterprise valuations between $600 million and $2 billion fall under the focus area of the SPAC.
The offering consisted of one share of the Class A common stock and one-half of one redeemable warrant. The holders of each whole warrant were entitled to purchase one share of Class A common stock at a price of $11.50 per share. Once the securities comprising the units begin separate trading, shares of the Class A common stock and warrants are already listed on Nasdaq under the symbols 'MLAI' and 'MLAIW,' respectively.
California-based McLaren Tech. Acq. Corp is a blank check company targeting merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. Previously, Sajan’s Season Two Ventures and McLaren Strategic Ventures have already made some key acquisitions within deep tech.
“The overwhelming response to the Nasdaq IPO will enable McLaren to aggressively on-board proven deep tech start-ups and growing companies in banking, financial services, and insurance sector, primarily from India. We already have experience mentoring a promising line-up of 8 early-stage startups from India, including Warehouse Now, 4baseCare, Uvik, Aerchain. Soon we will be deploying a senior-level team for an India roadshow to collaborate with later-stage companies who are looking to go public on Nasdaq along with active handholding on business growth” said Sajan Pillai, Chairman and CEO, McLaren Technology Acquisition Corporation.
Rajeev Nair and Murali Gopalan serve as Chief Financial Officer and Chief Operating Officer, of McLaren Technology Acquisition Corporation respectively. Mizuho Securities USA LLC acted as the sole book-running manager for the offering.
I’m Nick Mike, I'm here to tell my testimony about how. Geo Coordinates Hacker Security Company enabled me to recover my stolen BTC. And a few months ago I lost $673,000 worth of cryptocurrency to a fake investment company. I don’t know how they got my email but I received an email from HX Investment Bank with a good proposal on how I could make millions out of my investment with them. I was convinced when they showed me profits from other clients that had invested in their platform, I began investing with them. When it was time to withdraw my profits, their website was shut down and I tried contacting them but they wanted me to pay a huge amount of fee to be able to withdraw my funds which I did until they cut me off and stopped all communication with me. I was shocked and devastated, I realized there was nothing I could do to recover my funds, I had gone to the authorities but they couldn’t assist me. I did some research online and I came across a post about Geo Coordinates Hacker Security Company. I was amazed by their service and how many others have fallen victim to the same scam, Geo Coordinates Hacker Security Company was able to help me recover my cryptocurrency funds. I’m truly grateful for the help of Geo Coordinates Hacker Security Company. Their professional team was super and it took them less than 72 hours to get my funds back from these scammers. Geo Coordinates Hacker Security Company is here to provide that service for you. I highly recommend their services to everyone who wishes to recover any cryptocurrency Please contact the following email address: geocoordinateshacker@proton.me. I wish you success in getting your bitcoin back.
LEGIT AND FAST WAY TO RECOVER YOUR BITCOIN/CRYPTO 2024 I was scammed over ( $345,000 ) by someone I met online on a fake investment project. I started searching for help legally to recover my money and I came across a lot of Testimonies about ETHICREFINANCE Recovery Expects. I contacted them providing the necessary information's and it took the experts about 27hours to locate and help recover my stolen funds. I am so relieved and the best part was, the scammer was located and arrested by local authorities in his region. I hope this help as many out there who are victims and have lost to these fake online investment scammers. I strongly recommend their professional services for assistance with swift and efficient recovery. They can reached through the link below. Email Address: ethicsrefinance @gmail com Telegram: @ethicsrefinance
I finally found a legit recovery Team that does not request advance payment, if you have been a victim of stolen crypto like I was reach out to the Gear Head Cyber Panacea Team on their website or (+1 6,0,5. 6,0,3. 9,7,8,3, gearheadcyberpanacea AT g mail. com) for a possible recovery and pay after you they recover your asset.
Wizard Asset Recovery Service is your trusted partner in recovering stolen cryptocurrency, employing a blend of proven methods and cutting-edge approaches to combat crypto theft. With a track record of success, they've assisted numerous individuals and organizations in reclaiming their digital assets, offering relief to those who thought their investments were lost forever. Through collaboration with law enforcement agencies and exchanges, they strengthen the fight against crypto criminals, while also working alongside other recovery specialists to address complex cases. In a world plagued by cryptocurrency scams, Wizard Asset Recovery Service stands as a beacon of hope, providing innovative solutions and expertise to protect investments and recover stolen funds. If you've fallen victim to a crypto scam, don't hesitate to reach out to them via email at Wizardassetrecovery@gmx.us or WhatsApp at +1 (315) 756-1228.
When you see this review i believe you will also be happy for me because i was convicted with a crime that i didn't commit and this was last year, i was working with a company and i was suspected for some fraudulent act but with the help of Premiumhackservices AT Gmail DOT com i was found not guilty, they provided evidence i need to be free they worked as private investigator on my case and they were hired by my wife and i thank them a lot doing and this is least way i can show my appreciation for what they have done for me, they also use WhatsApp to stay in contact +14106350697, you can also be saved today all you have to do is to take the right step in the right direction.
RECOVER ALL YOUR LOST CRYPTOCURRENCY WITH THE HELP OF CAPTAIN WEBGENESIS. At CAPTAIN WEBGENESIS, They stand behind their commitment to provide unmatched expertise, cutting-edge technology, and ethical practices for crypto recovery. Your trust to Captain WebGenesis means everything, and they are dedicated to staying up-to-date with the latest advancements in the field. By entrusting your crypto recovery needs to Captain WebGenesis, you can rest assured that your assets are in capable hands, ready to be recovered and restored. Their proven track record of success and focus on transparency and client communication set us apart as the gold standard in the industry. To learn more about their services and how Captain WebGenesis can help recover your crypto from scams, please feel free to contact them through the following channels: WhatsAp/Text: +1(501)436-9362 Email: Captainwebgenesis@hackermail.com Website Link: www.captainwebgenesis.com
What you need is the best recovery expert. Recovery Nerds can help you get out from under your crypto theft methods. The bitcoin investing industry is full of scammers, and despite people's best efforts to make enormous gains, they regularly end up losing money. No one can defeat these people's cunning schemes because of their intelligence. They typically offer contact agreements and put you in a group with others who have already made investments to tempt you to invest your hard-earned money. I invested my money as advised, then a few days later I discovered that IDMining had taken it. I appreciate Recovery Nerds assistance in helping me reclaim my BTC from these cyber crooks. I firmly guarantee that using Recovery Nerds service to retrieve your stolen BTC back will be safe. Talk with a representative today on: Email: mailus @ recoverynerds .com Website: recoverynerds.com Whatsapp: +1 (514) 312-2803
HOW DO I RECOVER MY LOST CRYPTOCURRENCY FROM FAKE INVESTMENT PLATFORM // CONTACT FRAUD FIGHTER The cryptocurrency market has grown more unstable, and these investment firms have preyed on those hoping to earn handsomely from their cryptocurrency holdings. As one of the victims of a fraudulent cryptocurrency investment scheme, I lost $221,000 in all. Luckily, I was able to contact FRAUD FIGHTER HACKER RECOVERY, the most well-known and reliable cryptocurrency recovery firm, who was able to assist me in getting my cryptocurrency back. I was left behind and was unable to access my investment accounts or cryptocurrency wallet. I am thrilled and appreciative of FRAUD FIGHTER HACKER RECOVERY's assistance in helping me retrieve $221,000 of my cryptocurrency funds. Regards. EMAIL: Fraudfighterhackers@gmail.com WEBSITE: Fraudfighterhacker.wixsite.com/fraud-fighter-hacker
HOW DO I RECOVER MY LOST CRYPTOCURRENCY FROM FAKE INVESTMENT PLATFORM // CONTACT FRAUD FIGHTER The cryptocurrency market has grown more unstable, and these investment firms have preyed on those hoping to earn handsomely from their cryptocurrency holdings. As one of the victims of a fraudulent cryptocurrency investment scheme, I lost $221,000 in all. Luckily, I was able to contact FRAUD FIGHTER HACKER RECOVERY, the most well-known and reliable cryptocurrency recovery firm, who was able to assist me in getting my cryptocurrency back. I was left behind and was unable to access my investment accounts or cryptocurrency wallet. I am thrilled and appreciative of FRAUD FIGHTER HACKER RECOVERY's assistance in helping me retrieve $221,000 of my cryptocurrency funds. Regards. EMAIL: Fraudfighterhackers@gmail.com WEBSITE: Fraudfighterhacker.wixsite.com/fraud-fighter-hacker
johngoodman1192
Nov 09, 2023I was in total dismay when I lost my entire savings investing in cryptocurrency, I was contacted online by a lady through email pretending to be an account manager of a bank, who told me I could make double my savings through cryptocurrency investment, I never imagined it would be a scam and I was going to lose everything. It went on for weeks until I realized that I have been scammed. All hope was lost, I was devastated and broke, fortunately for me, I came across an article on my local bulletin about Elite Wizard Bitcoin Recovery, I contacted them and provided all the information regarding my case, I was amazed at how quickly they recovered my cryptocurrency funds and was able to trace down those scammers. I’m truly grateful for their service and I recommend them to everyone who needs to recover their funds urge you to contact them if you have lost your bitcoin USDT or ETH through bitcoin investment Email: eliterecovery247@cyber-wizard.com or mailus@elitewizardrecovery.com Website: https://elitewizardrecovery.com/index.html Call: +1 (256)-472-0901 WhatsApp +1 (805) -386-9670