Love & Health Files for $50M IPO


Hong Kong-based SPAC Love & Health Limited today registered to offer 5 million units at $10 each. The new SPAC intends to focus on businesses that have their primary operations in FinTech, financial services, business services, technology, consumer goods and other new economy industries, according to the filing.

A unit consists of one Class A share and one right to receive one-tenth of a share upon the completion of a business combination.

The sponsor, Waton Sponsor Limited is a wholly owned subsidiary of Waton Financial Limited based in Hong Kong. The company primarily provides share clearing and settlement services, as well as one-stop IT platform services for the securities brokerage industry.

CEO and Chairman Kai Zhou also serves as the chairman of the board, director, and chief technology officer of Waton Financial.

Love & Health plans to apply for a Nasdaq listing under the symbol LLLLU.

EF Hutton is sole bookrunning manager. Read more.



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