BharCap Acquisition filed a preliminary prospectus with the SEC to offer 25 million units at $10 each. A unit consists of one share of our Class A common stock and one-third of one warrant. Each whole warrant is exercisable at $11.50 for one share.
BharCap will concentrate on the Fintech and financial services sectors for a business combination.
The SPAC is led by Chairman and CEO Bharath Srikrishnan, founder of BharCap. Previously he spent five years as a partner on Pine Brook’s financial services investment team and remains a consultant to that firm.
The SPAC has not yet selected a market for listing nor a ticker symbol. Read more.
