VANCOUVER, British Columbia, Sept. 01, 2026 (GLOBE NEWSWIRE) -- GB Capital Ltd. (“GB Capital”), a strategic finance, advisory and management firm, today announced its founding investment in NorthStrive Acquisition Corp I. (the “Company”), a special purpose acquisition company that has completed its initial public offering of 10,000,000 units at US$10.00 per unit, generating gross proceeds of US$100,000,000. The Company's units commenced trading on The Nasdaq Capital Market on August 18, 2026. D. Boral Capital LLC acted as sole book-running manager for the offering.
The Company intends to focus its search for an initial business combination on companies in the manufacturing sector serving high-growth demand markets, including, but not limited to, aerospace and defense, industrial technology, and critical supply chains, while retaining the flexibility to evaluate compelling opportunities across sectors. GB Capital views this mandate as one of the most attractive in the current SPAC market: North American reshoring, defense modernization, and the drive for supply chain resilience are generating sustained demand for manufacturing capacity across a sector that remains fragmented and rich in acquisition opportunities.
GB Capital committed its own capital to the Company at its formation as a founding investor, a principal investment made for the firm's own account and grounded in GB Capital's independent evaluation of the opportunity, informed by the firm's extensive experience in precision manufacturing mergers and acquisitions and North American capital markets. GB Capital receives no fees or compensation from the Company; its outcome is tied entirely to the Company completing a business combination that creates value for its public shareholders.
The investment expands GB Capital's principal investment activity, through which the firm selectively commits its own capital to opportunities in sectors where it has deep domain expertise and conviction in the strategy, the team, and the alignment of incentives.
Further information regarding the Company and its offering is available in the Company's registration statement and prospectus filed with the U.S. Securities and Exchange Commission at www.sec.gov.
About GB Capital Ltd.
GB Capital Ltd. is a strategic finance, advisory and management firm focused on working with growth-stage and publicly listed companies. The firm provides end-to-end support across M&A advisory, capital markets strategy, financial reporting and audit readiness, strategic finance leadership, and public-company compliance. GB Capital partners with management teams early to build scalable financial infrastructure and execute complex transactions with institutional-grade rigor.
For more information, visit www.gbcapital.ca.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of applicable securities laws, including statements regarding the Company's search for an initial business combination, its ability to complete a business combination, sector demand trends, and the potential for value creation. These statements are based on current expectations and assumptions and involve risks and uncertainties that could cause actual results to differ materially, including those set forth in the Risk Factors section of the Company's registration statement filed with the SEC. Readers are cautioned not to place undue reliance on forward-looking statements. Except to the extent required by law, GB Capital undertakes no obligation to update any forward-looking statement.
Disclaimer
This press release is for informational purposes only and does not constitute investment advice, an offer to sell, or a solicitation of an offer to buy any securities. This press release is issued solely by GB Capital Ltd. in its capacity as an investor in the Company and is not issued by, or on behalf of, NorthStrive Acquisition Corp I. GB Capital did not act as a broker, dealer, underwriter, or placement agent in connection with the Company's initial public offering. Any offering of securities by the Company was made only by means of a prospectus filed with the U.S. Securities and Exchange Commission.
Contact: info@gbcapital.ca
