PowerUp Acquisition in an amended S-1 filing disclosed it now plans to offer 25 million units at $10 each in an IPO, up from the 22.5 million units initially registered in December.
A unit still consists of one share and half a warrant.
PowerUp intends to identify and acquire a business within the interactive media, digital media, sports, entertainment, and/or leisure, with a particular focus on video gaming, gaming adjacent, and new metaverse video gaming businesses.
Executive Chairman Bruce Hack was director and later chairman of Technicolor SA from 2010 to 2019. Prior, he was a principal in the creation of Activision Blizzard.
The SPAC has applied to list on the Nasdaq, under the symbol PWUPU.
Citigroup is sole book-running manager. Odeon is co-manager of the offering. Read more.
