Aussie Aussie Acquisition, a blank check company targeting defensible market positions, 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 units at $10. Each unit contains one share of common stock, one-half of one warrant exercisable at $11.50, and one right to receive one-tenth of one ordinary share upon the consummation of an initial business combination.
Aussie Aussie Acquisition is led by CEO and Chairman Alexander Tsui, the controller of Melissas Makeover and Global Trade Corporation and Partner of UR Happy Home Development. He is joined by CFO Siva Sadasivam, the Principal of D’Omkara Accountants. The SPAC intends to target businesses with compelling economics, potential for high recurring revenue, a defensible market position, and successful management teams.
Management is also in the process of taking Watu Metals Acquisition, another SPAC, public. Watu Metals Acquisition has yet to publicly file for an IPO.
The Turramurra, NSW, Australia-based company was founded in 2026. It plans to list on the NYSE, although it has not yet selected a symbol (RC ticker: AAAU.RC). Kingswood Capital Markets is the sole bookrunner on the deal.
