Ocelot Acquisition I in an amended S-1 filing said it would now offer 20 million units at $10 each, down from the 25 million units the SPAC planned when it filed for the offering in February. A unit consists of one share of Class A common stock and one-half of one redeemable warrant. Whole warrants are exercisable for a share at $11.50.
The SPAC said it will target the e-commerce, transportation & logistics and logistics technology industries.
Ocelot is led by CEO and Director Richard Metzler, who is also CEO of Lone Star Overnight, a network-based parcel delivery and carrier based in Austin, Texas.
The SPAC has applied for a Nasdaq listing under OACAU. Read more.
