One Universe Acquisition, a blank check company formed by Chinese executives, 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 shares at $10. Unlike most SPACs, the company is not offering units with warrants or rights attached.
One Universe Acquisition is led by CEO and Chairman Matthew Ho, the Chairman of China Next-Gen Commerce and Supply Chain (HKEx: 3928) and CFO and Director Jennifer Chen, the managing director of NEO Consultancy Services. The SPAC plans to target companies that have strong and experienced management teams, with established products, and proven revenue generation, among other characteristics.
The Hong Kong-based company was founded in 2025 and plans to list on the Nasdaq under the symbol ONEU. One Universe Acquisition filed confidentially on September 9, 2025. American Trust Investment Services is the sole bookrunner on the deal.
