Skydeck Acquisition registered to raise $250 million through an offer of 25 million units at $10 each. A unit consists of one Class A ordinary share and one-third of one redeemable warrant; whole warrants exercisable for a share at $11.50.
Skydeck intends to pursue a business combination with one or more businesses or entities that have defensible business models, large and growing end markets, and superior unit economics. The management team Led by Chairman Paul Salem has a track record of investing in the media, technology, communications and digital health sectors.
Salem for 27 years was a senior managing director on Providence Equity’s investment team.
The SPAC has applied for a Nasdaq listing under SKYAU. Read more.
