Thrive Acquisition registered to offer 20 million units priced at $10 per unit. A unit consists of one Class A ordinary share and one-half of one redeemable warrant.
The SPAC plans to target a business in the global health and wellness industry.
Thrive is led by Director and CEO Charles Jobson, the founder of Delta Partners, a global equity hedge fund.
BTIG is lone book-running manager for the offering. The underwriters have the option to purchase up to 3 million additional units to cover any over-allotments.
Thrive inteds to apply for a Nasdaq listing under the symbol THAC.U. Read more.