Revolution Acceleration Files for $250M IPO

The new SPAC plans to pursue a merger with a business in the carbon capture, utilization and storage industries.

The new SPAC said it will to focus on companies in Asia with an emphasis on sourcing opportunities that are in the healthcare, consumer technology and technology, media and telecommunications industries.

The SPAC will pursue companies with an enterprise value of $750 million or more, targeting sectors that include direct-to-consumer brands, Amazon centric, online marketplaces, food tech, new media, digital health, software-as-a-service, fin tech, and any adjacent industries undergoing technology-driven transformations.