What Happened to Gelesis Holdings?
Ticker: GLSHQSPAC Year: 2020Merger: 2023
Return
-100.0%
Current Price
$0
Peak Price
$8.24
Trust Size
$96M
Summary
Gelesis Holdings, Inc. (GLSHQ) filed its S-1 registration in 2020 and completed its business combination in 2023. The company was delisted from exchanges with 251 SEC filings on record.
What Happened
Gelesis Holdings, Inc. entered the SPAC market in 2020 with its initial S-1 filing with the SEC, joining the wave of blank check companies seeking acquisition targets.
SEC records show 251 total filings, including annual (10-K) and quarterly (10-Q) financial reports.
The company's last SEC filing was 2023-10-31, and it appears to have been delisted from exchanges â a common fate for SPACs that fail to meet listing requirements or generate sufficient shareholder interest.
The company was incorporated in Delaware, the preferred jurisdiction for the vast majority of SPACs due to its business-friendly legal framework.
Timeline
2020-06-24
S-1 Registration Filed
2023-07-25
Merger Proxy Filed (DEFM14A)
2023-10-31
Last SEC Filing