Atlas Growth Acquisition Limited Files for $110M IPO


Atlas Growth Acquisition Limited registered with the SEC to offer 11 million units, each consisting of one Class A ordinary share and one-half  of one redeemable warrant; whole warrants exercisable at $11.50. A unit will be priced at $10.

The new SPAC said it will to focus on companies in Asia with an emphasis on sourcing opportunities that are in the healthcare, consumer technology and technology, media and telecommunications industries. 

Atlas Growth is led by CEO and Director Hwang Sung June, who has been CEO for PE firm Atlas Investment Management that provides Asian investors access to European and North American markets, since June 2019. From 2012 to 2019 he worked at Credit Suisse Private Banking as head of APAC Products and Solutions. 

Ladenburg Thalmann and Brookline Capital Markets are joint book-running managers of the offering. The underwriters have a 45-day option to purchase up to an additional 1.65 million units to cover any over-allotments.

The SPAc has applied to list on the Nasdaq under ATLAU. Read more.

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