B Capital Technology Opportunities in an amended S-1 lowered its planned offering to 20 million units from the 30 million initially registered in February. The SPAC also removed warrants from the offering. In the initial registration each unit was to include one-third of a redeemable warrant.
The new SPAC plans to target a business with operations or prospective operations in technology that is transforming large traditional industries such as consumer enablement, financial services, health & wellness, and industrial & transportation.
B Capital is led by Chairman Howard Morgan, who from 1968-1972 served as an assistant professor of Operations Research and Computer Science at Cornell University and from 1971-1972 worked as a visiting professor of Applied Mathematics at Caltech. He was later a a professor of Decision Sciences at the Wharton School.
The SPAC has applied for a Nasdaq listing under BCTAU. Read more.
