Integral Acquisition 1 registered with the SEC to offer 10 million units at $10 each. A unit consists of one share of Class A common stock and one-half of one redeemable warrant, with whole warrants exercisable at $11.50 for a share.
Wells Fargo Securities is sole book-running manager for the offering. The underwriters have a 45-day option to purchase up to 1,5 million additional units to cover any over-allotments.
The new SPAC intends to target a business combination with a technology-oriented company in Australia or New Zealand.
Integral Acquisition 1 is led by CEO Enrique Klix, a former general manager of packaging company Orora Cartons Australia.
Management in the filing said they habve applied to list the SPAC on the Nasdaq under INTEU.
