DT Cloud Acquisition in an S-1 announced an offering of 6 million units at $10 each. A unit consists of one ordinary share, a warrant, and one right to receive one-twentieth of a share at the closing of a business combination.
The new SPAC is broadly focused on identifying targets with a competitive edge and strong growth potential.
CEO and Chair Olivia Wenxi He is the CFO of Metal Sky Star Acquisition. Since February 2019, He has served as CIO at KX Power Limited, an asset management company based in London, specializing in the development and management of renewable energy and power generation assets.
Brookline Capital Markets is sole book-running manager of the offering.
The SPAc has applied for a Nasdaq listing, but has yet to select a ticker symbol. Read more.
