Gobi Acquisition registered with the SEC to offer 25 million units at $10 each. No warrants will be included in the offering.
Citigroup, Goldman Sachs and UBS are joint book-runners. The underwriters have a 45-day option to purchase up to 3.75 million additional shares to cover any over-allotments.
The SPAC’s sponsor is an affiliate of PAG, one of Asia’s largest private investment management groups with approximately $40 billion AUM, and plans to purchase units up to $200 million.
Hong Kong-based Gobi is led by CEO, CFO and director Jack Li, a managing director and founding member of PAG’s private equity strategy.
The SPAC has applied for a Nasdaq listing under GOBI. Read more.
