8i Acquisition 2 in an amended filing disclosed plans to offer 7.5 million units — up from the 5 million units initially registered in May.
A unit still consists of one ordinary share, a warrant, and one right to receive one-tenth of an ordinary share upon the consummation of a merger.
Maxim Group, the representative of the underwriters, has a 45-day option to purchase up to 1.125 million additional units to cover any over-allotments.
8i said it intends to focus on companies in Asia, excluding China, Hong Kong and Macau. It did not identify any specific sector in the S-1 registration.
The new SPAC is led by CEO and Director Meng Dong (James) Tan, who is also director and CEO of 8i Capital Limited, a company focusing on investments and M&A.
The SPAC intends to apply for a listing on the Nasdaq under LAXXU. Read more.
