KASA SPAC Series I Acquisition registered to raise $200 million through an offering of 20 million units, each consisting of one Class A ordinary share and one-half of a warrant.
The SPAC in the S-1 filing said it intends “to capitalize on our management team’s significant knowledge of sustainable technology in the field of clean renewable energy and proven ability to source, acquire and manage a business facilitating the transition of the energy industry toward decarbonization and sustainability and that is positioned to generate long-term value and growing cash flows.”
CEO Ajit Kumar is a buy-side investment executive investing in global mining and energy metals sectors for multiple family offices in London. He currently serves as founding partner and CEO of Energy Metals Fund.
The SPAC intends to apply for a listing on the Nasdaq under the symbol VSSAU.
Cantor is sole book-running manager. Read more.
