Lakestar SPAC I: First tech-focused SPAC in Europe successfully launches on the Frankfurt Stock Exchange

Lakestar SPAC I, a Luxembourg-incorporated newly formed SPAC with a focus on technology, today celebrates its successful debut on the Frankfurt Stock Exchange.

It aims to acquire a target in the technology sector with a focus on the sub-sectors SaaS , fintech, transportation and logistics, healthtech or deep tech. Lakestar SPAC I is sponsored by Dr. Klaus Hommels, founder and chairman of Lakestar Advisors.

The founders of Lakestar SPAC I are Dr. Klaus Hommels, together with the SPAC’s Chief Executive Officer (CEO), Stefan Winners, and the Chief Investment Officer (CIO), Inga Schwarting. The listing of Lakestar SPAC I marks the first SPAC listing in more than 10 years in Germany. It is also the first SPAC with an exclusive focus on tech in Europe.

Dr. Klaus Hommels, Sponsor and Chairman of the Supervisory Board of Lakestar SPAC I: “This is a milestone, both for Lakestar SPAC I and for Europe. Through this listing, we aim to provide a strongly positioned tech company in Europe with access to capital, unlocking its growth potential. We believe the Frankfurt Stock Exchange is highly attractive for tech companies as it is located in the middle of Europe, an area with many opportunities in the field of technology.”

Stefan Winners, CEO of Lakestar SPAC I: “We have a proven ability to support companies along the entire entrepreneurial lifecycle. Our goal is to partner with an outstanding European tech company, and to enable it to continue its success story as a public company.”

Due to COVID-19 restrictions, Stefan Winners (CEO), Inga Schwarting (CIO) and Marc Siepmann (Chief Administrative Officer) rang the opening bell virtually and celebrated the launch as a publicly traded company.

Lakestar SPAC I’s shares are trading on the regulated market (regulierter Markt) of the Frankfurt Stock Exchange (General Standard) (ticker LRS1). The warrants are trading on the open market (Freiverkehr) of the Frankfurt Stock Exchange (Börse Frankfurt Zertifikate AG) (ticker LRSW).

Source: Yahoo Finance