Swiftmerge Acquisition in an amended S-1 filing lowered its planned offering to 20 million units, down from the 25 million registered in March. Each unit consists of a share and half a warrant.
The SPAC intends to target businesses in the “innovative consumer” space — companies using technology and the Internet to evolve the way consumers interact with the marketplace.
Swiftmerge is led by Chairman George Jones, co-founder of IVEST.
BofA Securities is sole book-running manager. The underwriter’s over-allotment option covers up to 3 million additional units.
The SPAC still plans to apply for a listing on the Nasdaq under IVCPU. Read more.
