Sunfire Acquisition registered to offer 10 million units priced at $10 each. A unit consists of one Class A ordinary shares and one right. Each right is good for one-eighth of a share upon the completion of an initial business combination.
The SPAC’s targets include telecommunications, media, and technology industries in the Middle East and Asia.
CEO Thomas Neukranz is CFO and a director of Sagaliam Acquisition, and has served as managing director of capital markets for GLD Partners since July 2020. Prior to joining GLD Partners, Neukranz served as head of capital markets for CleanFund Commercial PACE Capital.
EF Hutton is sole book-running manager. The underwriters’ over-allotment option covers the purchase of up to an additional 1.5 million units.
The SPAC has applied to list on the Nasdaq under SUNFU. Read more.
