Growth Capital Acquisition lowered its proposed offer to 12.5 million units, down 17 percent from the initial registration to offer 15 million units.
The new SPAC plans to focus on these areas:
Global emerging growth and lower-to-middle market companies with aggregate enterprise values of approximately $300 million to $1.5 billion;
Strong platforms within niche market segments that and would benefit from access to the public markets; and
Management teams that have showcased industry leading operational expertise and a track record of providing returns to investors.
Growth Capital is led by President and Co-CEO Prokopios Tsirigakis and Co-CEO and CFO George Syllantavos. Their previous SPACs closed business combinations with shipping companies including Nautilus Marine and Star Maritime.
The SPAC expects to trade on the Nasdaq under GCACU. Read more.
