Prime Number Acquisition I Files for $60M IPO

IPO

Prime Number Acquisition I registered to offer 6 million units at $10 each. A unit consists of one share of Class A common stock and one-half of a warrant.

The new SPAC in the filing said it will focus on the fintech sector, excluding companies in China, Hong Kong and Macau.

CEO and Chairman Dongfeng Wang has over 20 years of experience in the Internet industry covering growth phases of Internet from PC and mobile basis to emerging blockchain, according to the filing. Wang also has more than a decade of entrepreneurship experience in online music, online magazine, online game distribution, blockchain investment, and the digital currency mining industries.

Prime Number Capitla and Shengang Securities are joint book-running managers of the offering.

Prime Number has applied for a Nasdaq listing under the symbol PNAC. Read more.

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