Cascadia Acquisition registered to offer 15 million units at $10 each. A unit consists of one share of stock and one-half of one redeemable warrant; whole warrants exercisable at $11.50.
The tech-focused SPAC will concentrtate on companies engaged in robotics, automation and artificial intelligence (RAAI).
The SPAC is led by Chairman Michael Butler, who is also chairman and CEO of the SPAC’s sponsor, Cascadia Capital, which he co-founded in 1999. CEO and Director Jamie Boyd has been a managing director and investment banker at Cascadia Capital since 2004.
Cantor is sole book-running manage. The underwriters’ over-allotment purchase option is for up to 2.25 million additional units.
The SPAC has applied to list on the Nasdaq under CCAI.U. Read more.
