Pacific Century and Thiel Capital’s Bridgetown 3 Holdings in an amended S-1 today saaid it now plans to offer 20 million units, down from the 26 million initially registered in May 2021.
A unit now consists of one share and half a warrant. No warrants were included in the initial registration for the offering.
Bridgetown 3 said it will look for targets with operations or prospective operations in the new economy sector in Southeast Asia, excluding companies with operations in China.
Bridgetown 3 is overseen by Paypal founder Peter Thiel and Richard Li, who founded investment group Pacific Century.
SPAC management is under CEO, CFO and director Daniel Wong, a senior vice president with Pacific Century.
The SPAC said it has applied to list on the NYSE under BTNC.U. Read more.
