JVSPAC Acquisition registered today to offer 5 million units at $10 each. A unit consists of one share and one right to receive one-fourth of a share upon completion of an acquisition.
The new SPAC intends to target companies “that are at the intersection of the lifestyle sectors and technology,” according to the registration. The focus is on companies with an enterprise value of between $100 million and $600 million.
Chairman and CEO Albert Wong since 2010 has been the CEO and director of Kingsway Group Holdings, a distribution conglomerate with luxury products including yachts, automotive and prestige lifestyle solutions. Kingsway is the sole distributor of Lamborghini in Hong Kong, Macau and Guangzhou.
Maxim Group is sole bookrunner on this deal.
JVSPAC has applied for a Nasdaq listing under the symbol JVSAU. Read more.
