Oxley Bridge Acquisition, a blank check company targeting the global consumer and technology sectors, filed on Thursday with the SEC to raise up to $220 million in an initial public offering.
The company plans to raise $220 million by offering 22 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50.
Oxley Bridge Acquisition is led by CEO and Chairman Jonathan Lin, co-founder, Partner, and CIO of L2 Capital. He also has previous blank check experience. The SPAC plans to target the global consumer and technology sectors with disruptive growth potential through the use of technology that can benefit from operations in Asia.
The Vancouver, Canada-based company was founded in 2024 and plans to list on the Nasdaq under the symbol OBAU. Oxley Bridge Acquisition filed confidentially on October 9, 2024. Cantor Fitzgerald is the sole bookrunner on the deal.
