Hainan Sirius Acquisition today registered with the SE to offer 6 million units at $10 each.
The new blank-check firm plans to focus on companies exhibiting substantial potential in emerging markets driven by innovative technologies or novel business models.
A unit consists of one share, a warrant and one right to receive one-tenth of a share upon completion of an acquisition.
This is the latest SPAC helmed by CEO and Chairman Zhifan Zhou, who served in the same capacity with Hainan Manaslu Acquisition from November 2021 to August 2023. Hainan Manaslu completed a merger last month with Able View, a brand management partner of international beauty and personal care brands in China.
Ladenburg Thalmann is sole bookrunner on this deal.
The SPAC intends to apply for a Nasdaq listing Global under the symbol HSACU. Read more.
