SILVERspac Plans $250M IPO

SILVERspac filed with the SEC to offer 25 million units at $10 each.

The new blank-check company said in the filing it will target businesses that provide technology and innovation solutions to the real estate and financial services industries, broadly referred to as the “PropTech” and “FinTech” sectors.

SILVERspac is led by CEO Charles Federman, who co-founded Silvertech Ventures in 2015 and serves as a managing member. Federman has been a venture capital investor individually and through the funds he has managed for over 20 years.  

The SPAC plans to apply for a Nasdaq listing under SLVR.

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