Edtech-focused Noble Education Acquisition registered to raise $100 million through an offering of 10 million units priced at $10 each.
A unit consists of one share, one right to a tenth of a share and a warrant.
The new SPAC seeks edtech acquisition targets “that identify significant value currently captured in silos created by pre-pandemic market dynamics, traditional educational methodologies and dated means of assessment,” according to the filing.
CEO, co-chairman and director Dr. David Noble has served as the founder and a board member of Zatoichi Co., a private technology venture firm,, since August 2017. He is an associate professor in-residence in the Department of Management at UConn.
EF Hutton and Brookline Capital are joint book-running managers.
The SPAC in the S-1 filing said it has applied to list on the Nasdaq under the symbol NEATU. Read more.
