Progress Acquisition Corp. filed with the SEC to offer 12.5 million units at $10 each to raise $125 million in an IPO.
The new SPAC in the filing said it is interested in targets involved in cutting-edge media, entertainment and digital technology.
Chairman Carl Vogel currently serves as an industry advisor to Kohlberg Kravis Roberts & Co., an American global investment company. Since May 2005, he has served on the board of DISH Network Corporation and is currently the senior advisor to the chairman. Vogel was president of DISH from September 2006 to February 2008.
The SPAC plans to list on the Nasdaq under the symbol PGRWU. Read more.
