Aurvandil Acquisition registered with the SEC to raise $250 million through an offer of 25 million units, each consisting of one share of Class A common stock and one-half of one redeemable warrant. Whole warrants are exercisable at $11.50.
The new SPAC said it will pursue a business combination with an established, revenue-generating company engaged in the space ecosystem.
Aurvandil is led by CEO and Director Robert A. Moody II, who has led technology and enterprise transformation efforts at a dozen Fortune 500 companies.
The SPAC intends to apply for a Nasdaq listing under AURV.U. Read more.
