8i Acquisition 2 registered with the SEC to offer 5 million units at $10 each.
A unit consists of one ordinary share, one redeemable warrant, and one right to receive one-tenth of an ordinary share upon the consummation of an initial business combination.
Maxim Group, the representative of the underwriters, has a 45-day option to purchase up to 750,000 additional units to cover any over-allotments.
8i said it intends to focus on companies in Asia. It did not identify any specific sector in the S-1 registration.
The new SPAC is led by CEO and Director Meng Dong (James) Tan, who is also director and CEO of 8i Capital Limited, a company focusing on investments and M&A.
The SPAC intends to apply for a listing on the Nasdaq under LAXU. Read more.
