Hony Capital Acquisition today registered with the SEC to offer 30 million units at $10 each. A unit consists of one Class A ordinary share and one-half of one redeemable warrant; whole warrants exercisable at $11.50.
Hony Capital Acquisition in the filing said it will focus on technology enabled companies in the healthcare and consumer sectors in China or a global or regional company in these sectors with a strong nexus or growth potential in China.
The SPAC is led by Chairman John Zhao, who is chairman and CEO of Hony Capital, an alternative investment management group focusing on opportunities in China.
The SPAC intends to list on the NYSE under HCAA.U. Read more.
