Pacifico Acquisition plans to offer 5 million units at $10 each. A unit consists of one share and one right to receive one-tenth of a share upon the completion of an initial business combination.
Pacifico intends to focus on the new energy, biotech, and education industries in Asia, however, the SPAC said it will not engage with any entity with its principal business operations in China, including Hong Kong and Macau.
Lone book-runner Chardan has an option to purchase up to an additional 750,000 units (over and above the 5,000,000 units referred to above) solely to cover over-allotments, if any.
The SPAC has applied to list on the Nasdaq under PAFOU. Read more.
