Alpine Acquisition registered today with the SEC to raise $100 million through an offering of 10 million units. Each consists of one share of common stock and one-half of one warrant; whole warrants exercisable for a share at $11.50.
The new SPAC in the filing said it currently intends to combine with Two Bit Circus, a Los Angeles-based experiential entertainment company that is affiliated with members of the SPAC’s management team, concurrent with the completion of an initial business combination. However, the SPAC will not complete a merger with only Two Bit Circus. Targets include companies engaged in drive-to destination hotels, digital entertainment and gaming, and lodging technology businesses.
Alpine is led by Chairman Elan Blutinger, who since 1996 has been managing director of Alpine Consolidated, a firm he co-founded that specializes in consolidating travel and technology companies.
Maxim, the representative of the underwriters, has an over-allotment option to purchase up to an additional 1.5 million units.
Alpine has applied to list on the Nasdaq under REVEU. Read more.
