Forest Acquisition filed to offer 6.6 million units at $10 each, with each unit consisting of one share, one right to receive one-tenth of a share and a warrant.
The sponsor is Bit Mining Management.
The SPAC intends to target middle-market growth businesses.
Chairman and CEO Ming Zhang is chairman of CCIS Securities, focusing on managing several growth equity funds in China. He is also a director for Softbank Ventures Asia Co., Ltd.
Ladenburg Thalmann is sole book runner on the deal. The SPAc has applied to list on the Nasdaq, but has not selected a ticker symbol yet. Read more.
