Yotta Acquisition in an amended S-1 filing today said it now plans to offer 120 million units in an IPO, up from 6 million initially registered with the SEC in March.
A unit still consists of one share of common stock and a warrant, plus the SPAC has sweetened the offering with the addition of one-tenth of a right to each unit.
The new SPAC plans to target high technology, blockchain, software and hardware, ecommerce, social media and other general business industries globally.
CEO and Director Hui Chen founded the law offices of Hui Chen & Associates, PC in 2012, a New York-based law firm. Chen focuses his practice on patent prosecution, copyright infringement, and other general intellectual property matters.
Chardan is sole book-running manager of the offering.
The SPAC has applied for a Nasdaq listing but has yet to select a ticker symbol. Read more.
