ONS Acquisition in an amended S-1 filing disclosed it now plans to offer 15 million units, down from the 20 million initially registered with the SEC in March.
A unit conists of one share and half a warrant.
ONS Acquisition intends to target industries that can benefit from strong Environmental, Social and Governance (ESG) practices.
CEO and Executive Chairman Alexander Crutchfield is senior managing director of Western International Holdings-Oasis Partners, an advisory and investment firm, and has also managed his family’s investments. He has served as an independent director of Endeavour International and its UK, Netherlands and Luxembourg affiliates, from 2014 to 2016. From 1984 to 1997, Crutchfield was vice chair of American Water Development. He also farmed organic row crops using sustainable farming methods and was a rancher with an organic cow calf and steer operation.
Ladenburg Thalmann is sole book-running manager.
The SPAC has applied to list on the NYSE under ONS.U. Read more.
