The new SPAC intends to direct its efforts in the United States and/or Asia (excluding China) and focus on sourcing opportunities that are in the technology, media and telecom sectors (TMT). A SPAC I is led by CEO, CFO and Chairman Claudius Tsang.
Total SPAC deal count for 2022 year-to-date is now 38. This offering is expected to close on Thursday, February 17.
Chardan is acting as the sole book running manager in the offering. Loeb & Loeb LLP is serving as Issuer’s Counsel with Hunter Taubman Fischer & Li LLC serving as Underwriter’s Counsel. Bernstein & Pinchuk LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.