Artisan Acquisition registered with the SEC to raise $300 million through an offer of 30 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 for a share.
The underwriters have a 45-day option to purchase up to 4,500,000 additional units to cover any over-allotments.
Artisan is focusing on high-growth healthcare, consumer and technology sectors, and companies that its management believes can be well-positioned for success in Greater China.
The SPAC is led by CEO and Director Cheng Yin Pan, currently the managing partner at C Ventures, where he leads deals and engages in venture capital and private equity investments across the sectors of healthcare, consumer and technology.
The SPAC plans to apply for a Nasdaq listing under ARTAU. Read more.