Crypto 1 Acquisition registered to offer 20 million units at $10 each. A unit consists of one Class A ordinary share and three-quarters of a warrant.
The new SPAC intends to focus on the acquisition of a significant digital assets and cryptocurrency exchange, payment system and/or related financial services company, excluding China and Hong Kong.
Founder, chairman and director Dr. Najamul Kidwai is a venture partner and investment committee member of Frontier Ventures, a VC fund focused on early-stage technology and blockchain.
B. Riley is sole manager of the offering. The underwriters have an option to purchase up to an additional 3 million units.
The SPAC intends to apply for a Nasdaq listing under DAOOU. Read more.
