Phoenix Acquisition Limited in an amended S-1 filing said it now plans to offer 6 million units, up from the 4 million registered with the SEC in August last year.
A unit now consists of one share, one-third of a warrant, and one right to receive one-tenth of a share. The rights are a new addition to the offering.
The SPAC intends to focus on operating businesses in the TMT industry in Asia or North America.
Phoenix is led by Director, CEO and Chairman Wayne Christopher Farmer, who is a senior advisor of Cobalt Equity Partners, a Hong Kong-based industrial-focused private equity firm.
Underwriter Ladenburg Thalmann has an option to purchase up to an additional 900,000 units to cover any over-allotments. Brookline Capital Markets is joint book-runner for the offering.
The SPAC in the filing said it has applied to list on the Nasdaq, but has not yet selected a ticker symbol. Read more.
