Makara Strategic Acquisition registered with the SEC to offer 25 million units, each priced at $10 and consisting of one share and a warrant.
The sponsor has committed to the purchase of up to approximately $12.7 million in warrants.
The new SPAC will focus on natural resources, clean energy or energy storage sectors in the Americas, Europe or Asia.
Chairman Dr. Amin Badr-El-Din since 2005 has served as the founder and chairman of BADR Investments, a global private investment house investing across various sectors including financial services, sustainable and renewable energy, extractive industries, real estate, engineering, manufacturing, and professional services. BADR Investments’ global reach includes investments in North America, the Pacific Rim, Europe and the Middle East.
EF Hutton is managing the offering.
Makara has applied to list on the Nasdaq under the symbol MKARU. Read more.
