Swiftmerge Acquisition registered with the SEC to offer 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 at $11.50.
The SPAC intends to target businesses in the “innovative consumer” space — companies using technology and the Internet to evolve the way consumers interact with the marketplace.
Swiftmerge is led by Chairman George Jones, co-founder of IVEST.
The SPAc plans to apply for a listing on the Nasdaq under IVCPU. Read more.
