BM Acquisition, a blank check company targeting businesses in Southeast Asia, filed on Tuesday with the SEC to raise up to $60 million in an initial public offering.
The company plans to raise $60 million by offering 6 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50.
BM Acquisition is led by CEO and Director Traviss Loong, who currently sits on the boards of several Asian healthcare companies and previously served as Marketing Manager of Business Banking at UOB Bank Berhad. The SPAC plans to target businesses in Southeast Asia, focusing on those generating annual revenues between $15 million and $30 million.
The Semenyih, Malaysia-based company was founded in 2025 and plans to list on the Nasdaq under the symbol BMOKU. D. Boral Capital is the sole bookrunner on the deal.
