Named for the British Spitfire fighter plane in World War II, the SPAC said its focus is on consumer technology and related technology businesses. “We believe that the COVID-19 pandemic has proven to be a catalyst for growth in the consumer technology and related sectors, pulling forward digital consumer trends and adoption across several consumer categories,” the SPAC said in an S-1 filing. “For example, according to IBM’s U.S. Retail Index, the pandemic has accelerated the shift away from physical stores to digital shopping by roughly five years.” Read more.
Related Posts
Evo Acquisition Files for $100M IPO
The new SPAC will concentrate on companies in the technology and financial sectors with an enterprise value of $250 million to $750 million, including firms with a nexus to Japan.
Sustainable Development Acquisition I Prices Upsized $275M IPO
The SPAC in earlier filings said it has strong interest in Certified B Corp companies or those implementing policies and processes to become certified after investment.
Spartan Acquisition II Announces Separate Trading of Stock and Warrants
Spartan raised $345 million in an IPO and PIPE last month.
Poema Global Holdings Amends $250M IPO Prospectus
"Our geographic focus is global in nature, but with a particular focus on business combination targets in Europe and Asia," the SPAC said in the filing.