Yuanxiang Acquisition, a blank check company targeting companies in China and the APAC region, filed on Wednesday with the SEC to raise up to $100 million in an initial public offering.
The company plans to raise $100 million by offering 10 million shares at a price of $10. The offering does not contain warrants.
Yuanxiang Acquisition is led by CEO and Chairman Xuerong Zou, who currently serves as the General Manager of Dechang Jiahong Trading, Xichang Jiahui Trading, and Mianning Jiamei Trading, and CFO and Director Gang Zhang, who serves as General Manager of Yuanxiang Enterprise Management, and Chairman of Gaojie Lamb. The SPAC plans to focus its target search for companies in the China and Asia-Pacific area.
The Xichang, China-based company was founded in 2025 and plans to list on the Nasdaq under the symbol YXCA. It has not disclosed any underwriters yet.
