Asia-focused Fortune Joy International Acquisition in anmended S-1 said it now plans to offer 7.5 million units, upfrom the 4 million initially planned in October.
A unit still consists of one Class A ordinary share and one-half of a warrant.
The SPAC is focused on Asia-Pacific companies engaged in fast-moving consumer goods, internet based e-Commerce technologies and new energy industries.
Fortune Joy is led by CEO and Director Long Chen, who founded Beijing Xiying Times Culture Group, an e-commerce based social media and entertainment online shopping company.
Tiger Brokers is managing the offering. The underwriters’ over-allotment option is for up to 1.125 million units.
Fortune Joy International plans to apply for a Nasdaq listing under XYGJU. Read more.
