United Acquisition I, a blank check company led by Globis Capital Advisors founder Paul Packer, raised $100 million by offering 10 million units at $10. Each unit consists of one ordinary share and one-quarter of one warrant, exercisable at $11.50 per share.
United Acquisition I is led by CEO, CFO, and Chairman Paul Packer, the founder and Managing Member of Florida-based investment advisory firm Globis Capital Advisors. He previously served as Chairman of The United States Commission for the Preservation of America’s Heritage Abroad, a position to which he was first appointed by President Trump.
Packer also previously served as CEO, CFO, and Director of SPAC Globis Acquisition, which raised $100 million in a 2020 IPO before merging with Moroccan milling company Forafric (AFRI; flat from $10 offer price) in June 2022.
The SPAC plans to target companies that are sector leaders in their product category, have experienced management teams, and technological or brand competitive advantage, among other characteristics.
United Acquisition I plans to list on the NYSE American under the symbol UACU. Lucid Capital Markets and Chardan Capital Markets acted as joint bookrunners on the deal.
