Creative Future Acquisition, a blank check company led by Chinese executives, filed on Monday 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 a price of $10. Each unit consists of one share of common stock, and the right to receive one-tenth of one share of common stock.
The SPAC is led by CEO and Chairman Zhiru Lin, who currently serves as the Chairman of Yeliya Health Technology, and CFO Xingyu Dan, who is currently the CFO of Zhejiang Tengshi Intelligent Driving Technology. The SPAC plans to target middle-market businesses, companies led by experienced management teams, businesses with revenue and earnings growth potential, and companies with potential for strong free cash flow.
The Hong Kong-based company was founded in 2025 and plans to list on the Nasdaq under the symbol CFACU. Craft Capital Management is the sole bookrunner on the deal.
