A SPAC II Acquisition registered to offer 18.5 million units at $10 each.
The new SPAC will target Proptech and Fintech operations with a preference for companies that promote environmental, social and governance (“ESG”) principles. excluding companies in Mainland China, Hong Kong and Macau. A SPAC II is focused on companies with an enterprise value of $800 million to $2 billion.
Each unit consists of one share, one-half of a warrant and one right to receive one-tenth of a share.
CEO, CFO and Director Claudius Tsang was co-head of private equity, North Asia of Templeton Asset Management and a partner of Templeton Private Equity Partners, part of Franklin Templeton Investments. His A SPAC I raised $60 million in an IPO last month.
Maxim is sole book-running manager.
The SPAC has applied for a Nasdaq listing under the symbol ASCBU. Read more.
