HHG Capital today amended its pending offering of 5 million units to alter each warrant as redeemable for three-fourths of a share. The initial S-1 filing in February included warrants redeemable for half a share. Full shares for redeemed warrants would be priced at $11.50 each.
The SPAC also added to each unit one right to receive one-tenth of a share.
HHG has not cited any specific target sector for pursing an acquisition.
The new blank-check company is led by Director and CEO Chee Shiong (Keith) Kok. Kok’s experience in finance, mergers & acquisitions, risk management, business strategy integrations, divestitures, and hands-on operational expertise with extensive government and business network has been particularly focused in Asia. Since September 2019, he has been the director and CEO of EPL Exhibition Sdn. Bhd., an exhibition organizer.
The SPAC has applied for a Nasdaq listing under the symbol HHGCU. Read more.
