SPK Acquisition registered with the SEC to offer 5 million units at $10 each.
A unit consists of one share of common stock and one right to receive one-tenth of a share of common stock upon the closing of an initial business combination.
The underwriters have a 45-day option to purchase up to 750,000 units over and above the offering to cover any over-allotments. Sponsor SPK Acquisition has committed to purchase 205,000 private units at the IPO price.
Based in Shanghai, SPK intends to target businesses in Asia focused on the TMT sectors.
The SPAC has applied for a Nasdaq listing under SPKU. Read more.
