Blue Ocean Acquisition registered to offer 15 million units at $10 each, with each unit consisting of one Class A ordinary share and one-half of a warrant.
The new SPAC in the filing said it will concentrate sourcing efforts within the high-growth consumer Internet sector in segments such as online marketplaces, education technology, advertising technology, digital media and enabling technologies and direct-to-consumer e-Commerce businesses with initial enterprise valuations between $750 million and $2 billion.
CEO Paul Bascobertwas CEO of Gannett from August 2019 until June 2020. Chairman Marcus Brauchli is co-founder and managing partner of North Base Media.
Needham is sole book-running manager. The underwriter has the option to buy up to 2.25 million additional units to cover any over-allotments.
Blue Ocean has filed to list on the Nasdaq under BOCNU. Read more.
