PROTONIQ Acquisition filed today to offer 10 million units, with each consisting of one Class A ordinary share, one-half of a warrant and one right. Warrants are redeemable at $11.50 for a share; rights are good for one-tenth of a share.
The new SPAC is focused on the fintech sector, particularly in the Asia-Pacific region.
CEO and Director Babar Ali from June 2019 through January 2022 was executive director on the Risk and Audit Committee of NewQuantum Holdings, a wealth management solutions provider.
Jones Trading is sole bookrunner on the deal.
The SPAC has applied to list on the Nasdaq under the symbol PROQU. Read more.
