Tidewise Acquisition, a blank check company targeting AI, manufacturing, pharmaceuticals, and biotechnology, filed on Tuesday with the SEC to raise up to $75 million in an initial public offering.
The company plans to raise $75 million by offering 7.5 million units at $10. Each unit consists of one share of common stock, and one right to receive one-fifth of one share at the time of the business combination.
Tidewise Acquisition is led by CEO and Chairman Thomas Patrick Gehl, the CEO and General Counsel of Horizon Import and Export Trading Hainan and CEO of Victoria Royal International Trade. He is joined by CFO and Director Eunjeong Cheong, the CEO of JNT Partners. The SPAC intends to target high technology, artificial intelligence, intelligent manufacturing, innovative pharmaceuticals, and biotechnology.
The New York, NY-based company was founded in 2026. It plans to list on the Nasdaq under the symbol TEACU. Blue Diamond Securities of America is the sole bookrunner on the deal.
