Serendipity Capital Acquisition registered with hte SEC to offer 25 million units at $10 each. A unit consists of one Class A ordinary share and one-third of one redeemable warrant; whole warrants exercisable for a share at $11.50.
The new SPAC said it will target financial services and technology companies that operate in the financial services sector with a bias towards the Asia Pacific region.
Serendipity Capital is led by Chairman Stephen Roder, whose 41 years of experience dealing with global companies includes 29 years working across Asian markets covering strategy, regulatory matters, finance, capital markets and transactions, with a focus on the financial services sector. Roder retired as Manulife Group CFO in 2018.
The SPAC said it intends to apply for a listing on the NYSE under SCAC.U. Read more.
