Ascendant Mobility Acquisition I in an amended S-1 filing disclosed it now intends to offer 30 milolion units at $10 each in an IPO, down from the 35 million units registered in the initial filing back in May.
A unit now consists of one Class A ordinary share and one-half of a warrant (up from one-third); whole warrants exercisable at $11.50.
The SPAC plans to target businesses in the electric vehicle, energy storage and distribution, or mobility technologies ecosystem.
Ascendant Mobility I is led by Co-CEO Peter Bardenfleth-Hansen, whose executive experience includes almost 10 years at Tesla, and Co-CEO Jochen Rudat, whose nearly 25 years of experience in the mobility industry includes almost a decade working for Tesla in Europe.
The SPAC intends to apply for a NYSE listing under AMOB.U. Read more.
