The new company aims to combine with a high-growth internet, ecommerce, or software business based in Southeast Asia. COVA is led by Chairman, CEO and CFO Jun Hong Heng alongside President Karanveer Dhillon.
Total SPAC deal count for 2021 year-to-date is now 110 with $32.1 billion in gross proceeds raised. This offering is expected to close on Tuesday, February 9.
Cantor Fitzgerald & Co. is acting as the sole book-running manager for the offering with Odeon Capital Group LLC serving as co-manager. Orrick, Herrington & Sutcliffe LLP is serving as Issuer’s Counsel with Ellenoff Grossman & Schole LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.