Falcon Acquisition registered with the SEC to raise $250 million through an offer of 25 million units, each consisting of one Class A ordinary share and one-third of one redeemable warrant. Whole warrants are exercisable at $11.50.
The new SPAC said it will target tech-driven businesses that it calls “the dis-intermediators, which we define as those forward-thinking businesses leading the disruption across the legacy incumbents and which we believe are poised for growth in markets with attractive demographics and fundamentals.”
Falcon Acquisition is led by Chairman Thomas Barrack, Jr., founder and executive chairman of Colony Capital.
The SPAC plans to list on the NYSE but has not yet selected a ticker symbol. Read more.
