Omeed Malik, founder of Farvahar Partners and 1789 Capital, is planning to raise a new SPAC, The Middle Market reports.
Malik, a former Bank of America managing director, aims to gather at least $130 million for the new SPAC, known as Colombier Acquisition II, according to people with knowledge of the matter. Details could be filed with the SEC as soon as this week, the people said, asking not to be identified discussing confidential information.
The blank-check firm intends to merge with a fast-growing company or companies in any industry, the people added.
A Colombier representative declined to comment.
Malik’s first SPAC, Colombier Acquisition, merged with PublicSq, a small-business marketplace catering to buyers it describes as “freedom-loving,” to form PSQ Holdings.
