New cannabis-focused SPAC Tuatara Capital Acquisition registered with the SEC to offer 15 million units at $10 each to raise $150 million in an IPO.
The SPAC said it will target businesses in the cannabis industry “that are compliant with all applicable laws and regulations within the jurisdictions in which they are located or operate and, in particular, we will not invest in, or consummate a business combination with, a target business that we determine has been operating, or whose business plan is to operate, in violation of U.S. federal laws.”
The SPAC is led by CEO and board member Albert Foreman, who co-founded Tuatara Capital in 2014.
The SPAC said it will apply for a Nasdaq listing under TCACU. Read more.
