SK Growth Opportunities filed to offer 20 million units at $10 each.
Auxo Capital Managers is sponsor. SK is a global conglomerate based in Korea, operating across a diverse array of industries spanning multiple continents. A wholly-owned subsidiary of SK is the anchor investor in the SPAC’s sponsor. SK and its affiliated companies operate more than 125 businesses across the energy, life sciences, advanced materials, mobility, and semiconductors industries with over $130 billion in assets globally.
The new SPAC in the filing said it will focus on ESG companies, especially those within the SK network.
The SPAC’s CEO is Richard Chin, ex-president of SK Hynix. Directors include former House Speaker John Boehner.
A unit consists of one Class A ordinary share and one-half of a warrant; whole warrants exercisable for a share at $11.50.
Deutsche Bank is sole book-running manager.
The SPAC intends to apply for a Nasdaq listing under the symbol SKGRU. Read more.
