The new SPAC intends to acquire an organization in the consumer technology, healthcare, information technology services, or enterprise software as a service (SaaS) sector. Innovative International is led by Chairman and CEO Mohan Ananda, Ph.D., COO Madan Menon, and CFO Elaine Price.
The total SPAC deal count for 2021 year-to-date is now 493. This offering is expected to close on Friday, October 29.
Cantor is serving as the sole book-running manager for the offering. Reed Smith LLP is serving as Issuer’s Counsel with Ellenoff Grossman & Schole LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. American Stock Transfer & Trust Company, LLC is acting as trustee.