Foresight Acquisition II in an amended S-1 filing lowered its planned offering to 20 million units, down from the 25 million initially registered in June.
A unit now consists of one share of Class A common stock and one-half of a warrant, sweetened from a third of a warrant proposed initially.
Foresight II plans to target companies in the technology-enabled consumer and consumer healthcare industries. Management’s first SPAC, Foresight I, raised $316.25 million in a February IPO. It is focused on the same sectors for an acquisition.
The new SPAC is led by Chairman Greg Wasson, who is president and founder of his own family office, Wasson Enterprise. CEO Michael Balkin serves in the same role at Foresight I. He has over 30 years of experience working with public companies in the small cap space. Balkin was a partner and formerly co-manager of the William Blair small institutional portfolio and the William Blair small cap growth fund.
Cowen and William Blair are joint book-running managers of the offering.
The SPAC said it has applied for a Nasdaq listing under FACQU. Read more.
