Kismet Acquisition Three filed with the SEC to offer 25 million units priced at $10 each to raise $250 million in an IPO.
The new SPAC said it will focus on companies in the internet and technology sectors operating in Europe and Russia as well as businesses established by founders with Russian origins that operate in these regions or other countries.
Kismet Three is led by founder, CEO and Director Ivan Tavrin, who is also the chairman and CEO of Kismet One, a blank check company that has not yet announced a business combination. Kismet One sold 25 million units in its initial public offering, generating gross proceeds of $250 million.
Also today, the SPAC’s sponsor filed for Kismet Acquisition Two to raise $200 million in an IPO targeting the same sectors and geographic locations.
Kismet expects to list on the Nasdaq under KIIIU. Read more.
