Heroic Empire Acquisition registered today with the SEC to offer 7.5 million units at $10 each. A unit consists of one share and one-half of a warrant.
Sponsor Luminous Success has committed to purchasing up to $4.95 million in units.
Heroic Empire intends to focus on operating businesses in the biotechnology or TMT industries in Asia or North America evaluated based on, among other things, sustainability and ESG imperatives.
CEO William Wai-Lun Ip since December 2021 has been an independent non-executive director of Kantone Holdings Limited. Since July 2021 he has been serving as a director at Pine Peak Corporate Finance Limited. Both firms are based in Hong Kong.
EF Hutton and Brookline are joint book-running managers of the offering.
The SPAC has applied for a Nasdaq listing but has not selected a ticker symbol. Read more.
