Namaste World Acquisition in an amended S-1 filing said it now plans to offer 10 million units at $10 each, down from the 20 million units initially registered last October.
A unit still consists of one share of common stock and one-half of a warrant.
The SPAC plans to search for a target in the TMT and technology-empowered consumer sectors.
Chairman and CEO Suresh Guduru has been the CEO and CTO of Softengg, a software and technology services company, since 1998.
EF Hutton remains the sole book-running manager. The underwriters’ over-allotment option covers the purchase of up to an additional 1.5 million units, down from the initial 3 million.
The SPAC has applied to list on the Nasdaq under NWACU. Read more.
