French businessmen Marc Menasé, Michaël Benabou and Charles-Hubert de Chaudenay, along with investors MACSF Epargne Retraite and IDI, said they plan to list a 150 million euro SPAC in Paris, Reuters reports.
Named DEE Tech, the SPAC’s capital could be increased to up to 195 million euros ($234 million), the founders said in a statement. They said its aim will be to invest in a “technological company with high potential,” without elaborating.
DEE Tech will be offering 15 million units at a price of 10 euros each, with a minimum subscription of 1 million euros. The offer will start on June 17 and is expected to close on June 23.
The market debut is slated for June 25. Read more.
