10X Capital Venture Acquisition III in an amended S-1 filing lowered its planned offering to 25 million units, down from the 35 million initially registered with the SEC in March. A unit consists of one share and half a warrant.
The SPAC in the filing said it will target “high growth technology and tech-enabled businesses domestically and abroad in the consumer internet, ecommerce, software, healthcare, transportation / mobility and financial services industries, as well as other industries that are being disrupted by advances in technology and on technology paradigms including artificial intelligence (“AI”), automation, data science, ecommerce and Software-as-a-Service (“SaaS”).”
10X II is led by CEO Hans Thomas, who founded 10X Capital in January 2004 and has been CEO ever since. He is also chairman of 10X Capital subsidiary Growth Technology Partners and chairman of 10X Capital Partners, a FINRA-registered investment adviser.
His first 10X SPAC in February reached a merger agreement with REE Automotive.
The SPAC plans to apply for a listing on the NYSE under VCXB.U. Read more.
