Mars Acquisition registered with the SEC to offer 7.5 million units at $10 each, with each unit consisting of one ordinary share, one-half of a warrant and one right for a tenth of a share.
The new SPAC intends to focus “on opportunities in crypto-currency and block-chain, automobiles, healthcare, financial technology, cyber security, cleantech, software, Internet and artificial intelligence, specialty manufacturing and any other related technology innovations market,” according to the filing.
CEO, CFO and Director Karl Brenza completed some of the earliest blank-check/SPAC transactions, the filing states. During his career, Brenza has completed over 200 transactions in the areas of strategic advisory assignments, mergers, acquisitions, reverse merger transactions, IPOs, follow-on offerings, SPACs, PIPEs, fairness opinions and private financings. He is currently CFO of First Breach, a manufacturer of ammunition components. Brenza is also CFO of Omni eCom Acquisition.
Maxim is serving as sole book-running manager.
Mars Acquisition has applied to list on the Nasdaq under the symbol MARXU. Read more.
