Black Dragon Acquisition I registered with the SEC to offer 25 million units, each consisting of one Class A ordinary share and one-third of one redeemable warrant. Whole warrants are exercisable at $11.50.
The new SPAC plans to target a business in the e-Commerce, sports & media technology, or payments and financial technology sectors.
Black Dragon I is led by CEO and Director Louis Hernandez, Jr., founder, managing director and CEO of Black Dragon Capital, which he founded in 2013.
The SPAC has applied for a Nasdaq listing under DGONU. Read more.
