TradeUP Global today registered with the SEC to offer 4 million units at $10 each.
The new SPAC did not identify specific sectors for a business combination, noting that acquisition criteria for a target include fundamentally sound operations in companies underperforming their potential, that exhibit unrecognized value or other characteristics that have been misevaluated by the marketplace.
TradeUP is led by Chairman and co-CEO Jianwei Li, founding and managing partner of Zhencheng Capital, a venture capital firm specializing in early-stage technology investments, and co-CEO Lei Huang, who is CEO of US Tiger Securities and a member of the board of directors of its parent company, UP Fintech Holding.
The SPAC said it will apply for a Nasdaq listing under TUGCU. Read more.
