The new SPAC intends to focus its search on companies with a strong connection to India and catering to a large addressable market opportunities in India or other developed geographies such as the Americas and Europe. Vahanna Tech Edge I is led by CEO Karan Puri, Chairman Saurav Adhikari, and CFO Raahim Dor.
Total SPAC deal count for 2021 year-to-date is now 557. This offering is expected to close on Friday, November 26.
Mizuho Securities is acting as the sole bookrunner for the offering. Winston & Strawn LLP is serving as Issuer’s Counsel with Sidley Austin LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.