Namaste World Acquisition filed to offer 20 million units at $10 each. A unit consists of one share of common stock and one-half of a warrant.
The new SPAC will search for a target in the TMT and technology-empowered consumer sectors.
Chairman and CEO Suresh Guduru has been the CEO and CTO of Softengg, a software and technology services company, since 1998.
EF Hutton is listed as sole book-running manager. The underwriters’ over-allotment option covers the purchase of up to an additional 3 million units.
The SPAC has applied to list on the Nasdaq under NWACU. Read more.
