Tech-targeting Evergreen Corp. registered with the SEc to offer 10 million units at $10 each. A unit consists of one Class A ordinary share and a warrant.
The SPAC intends to focus on technology companies involved in Artificial Intelligence, FinTech and Financial Services, the Metaverse, the Internet of Things (IoT), eCommerce, social commerce, Industry 4.0 (IR4.0), as well as areas surrounding the new digital economy, in the ASEAN region.
Chairman and CEO Liew Choon Lian is CEO of the MDT Group of Companies, which he founded in August 2000.
E.F. Hutton is sole bookrunner for the offering.
Evergreen intends to apply for a Nasdaq listing but has not yet selected a ticker symbol. Read more.
