BoluoC Acquisition, a blank check company targeting businesses with high growth potential, filed on Friday with the SEC to raise up to $60 million in an initial public offering.
The Taipei, Taiwan-based company plans to raise $60 million by offering 6 million shares at $10. Each unit contains one share of common stock, and one-half of a warrant, exercisable at $11.50
BoluoC Acquisition is led by CEO and Chairman Ya Lu Lin, the founder and COO of Web3 music company Melos Venture, and CFO Robert Edward Mikkelsen, the CEO and CFO of early-stage cybersecurity company Tego Cyber. The SPAC plans to target businesses that exhibit growth potential, operational efficiency, and operate within rapidly evolving industries. The company states that ideal candidates are businesses with established market positions, scalable operations, and clear competitive advantages.
The Taipei, Taiwan-based company was founded in 2005 and plans to list on the Nasdaq under the symbol LBKXU. D. Boral Capital is the sole bookrunner on the deal.
