Artisan Acquisition Files for $300M IPO

IPO

Artisan Acquisition registered with the SEC to raise $300 million through an offer of 30 million units at $10 each. A unit consists of one Class A ordinary share and one-third of one redeemable warrant; whole warrants exercisable at $11.50 for a share.

The underwriters have a 45-day option to purchase up to 4,500,000 additional units to cover any over-allotments.

Artisan is focusing on high-growth healthcare, consumer and technology sectors, and companies that its management believes can be well-positioned for success in Greater China. 

The SPAC is led by CEO and Director Cheng Yin Pan, currently the managing partner at C Ventures, where he leads deals and engages in venture capital and private equity investments across the sectors of healthcare, consumer and technology. 

The SPAC plans to apply for a Nasdaq listing under ARTAU. Read more.

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