Sierra Lake Acquisition registered with the SEC today to raise $300 million through an offer of 30 million units at $10 each.
The new SPAC in the filing does not identify specific sectors it will target for a business combination, but will focus on opportunities that draw upon the management team’s strengths.
Sierra Lake is led by CEO Charles Alutto, who is also chief executive of Alutto Consulting, which helps companies focus on long-term organic growth and creating sustainable stockholder value. Previously, he was president and CEO of Stericycle.
The SPAC has applied for a Nasdaq listing under SIERU. Read more.
