MSM Frontier Capital Acquisition, a blank check company targeting African energy and cement companies, filed on Wednesday with the SEC to raise up to $225 million in an initial public offering.
The New York, NY-based company plans to raise $225 million by offering 22.5 million units at $10. Each unit consists of one share of common stock and rights to one-eighth of a share.
MSM Frontier Capital Acquisition is led by CEO and Director Babatope Adedara, an Internal Audit Director at PNC Financial Services. He is joined by CFO Tosin Okojie, who previously was CFO of Niche, and Chairman Muazzam Mairawani, the Chairman and founder of MSM Oil and Gas Nigeria. The SPAC plans to focus on companies operating within the power, oil and gas, and cement industries within Africa.
The New York, NY-based company was founded in 2025 and plans to list on the Nasdaq under the symbol MSMUU. MSM Frontier Capital Acquisition filed confidentially on March 26, 2025. Cohen & Company Securities is the sole bookrunner on the deal.
