Blue Safari Group Acquisition registered with the SEC to offer 5 million units at $10 each.
A unit consists of one Class A ordinary share and one right to receive one-tenth of a Class A ordinary share upon consummation of an initial business combination.
The underwriters a 45-day option to purchase up to 750,000 additional units to cover any over-allotments.
Blue Safari Group is targeting companies that are in the FinTech, InfoTech, InsurTech and business services.
The new SPAC is led by Chairman Alan Yamashita whose 40 years of experience in capital markets are focused on investment management, investment banking, and alternative investment. Since 2013, he has been managing partner at Polar Ventures, a private investment firm that provides capital and strategic solutions to companies in sectors important to the Asia region’s development. He is also a director of Invion Limited, an ASX listed biotech company.
Blue Safari Group has applied for a Nasdaq listing under BSGAU. Read more.
