AfterNext Acquisition I, a blank check company formed by AfterNext Capital Management targeting fintech in APAC, filed on Monday 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 units at $10. Each unit consists of one share of common stock and one right to receive one-tenth of a share upon the completion of an initial business combination.
AfterNext Acquisition I is led by CEO Anna Zhou, who founded and serves as a managing director of AfterNext Capital Management, and as CFO of Ribbon Acquisition (RIBB; +3% from $10 offer price), which announced a plan to merge with Japan-based medical products maker DRC Medicine this past June. Zhou has previously been involved in various SPACs, most recently serving as CFO of Chenghe Acquisition II, which merged with Polibeli Group (PLBL; +17%) in August 2025. She is joined by Chairman Eric Wong, a managing director at AfterNext, and CFO Susan Cao, the Senior Manager of Investment and Financing at Wai Kee Holdings and its operating subsidiary Road King Infrastructure Limited.
The SPAC plans to target fintech or technology-enabled financial service companies operating in APAC that leverage cutting-edge technologies such as artificial intelligence, big data analytics, cloud computing, digital payments, embedded finance, and blockchain solutions. The sponsor and all of the company’s officers are based in Hong Kong, though the SPAC notes that it will not target businesses located in mainland China, Hong Kong, or Macau.
The Singapore-based company was founded in 2025 and plans to list on the Nasdaq under the symbol AFNXU. EarlyBirdCapital is the sole bookrunner on the deal.
