SoftBank’s SPAC SVF Investment 3 today filed to lower its planned offer to 28 million units, down 20 percent from the 35 million units the SPAC last month registered to offer.
SVF 3 will target companies involved in artificial intelligence and the Internet of Things.
Ioannis Pipilis is chairman and CEO of SVF 3. He is managing partner at Softbank Investment Advisers in London.
The SPAC said it will apply to list on the Nasdaq under SVFC. Read more.
