Lakeview Acquisition registered with the SEC to offer 25 million units at $10 each. A unit consists of one share of Class A common stock and one-third of one redeemable warrant. Whole warrants would be exercisable at $11.50.
The underwriters have a 45-day option to purchase up to an additional 3.75 million units to cover any over-allotments.
Lakeview is focused on the US insurance sector.
The SPAC is led by Chairman and CEO Jeffrey Hayman, who was a member of the board of directors of Zurich Insurance Group Ltd. from March 2016 to March 2021. He previously served on the boards of 21st Century Insurance and Fuji Fire and Marine Insurance.
The SPAC intends to apply for a listing on the NYSE under LKVA U. Read more.
