AltC Acquisition in an amended S-1 lowered its deal size to 40 million units from the 100 million offering registered in March.
The new SPAC in the filing said it will focus on a target in an industry where the management team’s expertise in technology companies will provide a competitive advantage.
AltC is the latest blank-check company from Michael Klein, who is CEO, president and chairman of the new SPAC. He is is also the CEO and chairman of Churchill Capital Corp.
The SPAC still intends to apply for a NYSE listing under ALCC. Read more.
