Norient Acquisition, a blank check company backed by ARC Group, filed on Wednesday with the SEC to raise up to $105 million in an initial public offering.
The company plans to raise $105 million by offering 10.5 million units at $10. Each unit consists of one share of common stock, one warrant to purchase a share, exercisable at $11.50, and one right to receive one-fourth of one share at the time of the business combination.
Norient Acquisition is led by CEO, CFO, and Chairman Ian Hanna, the CEO of ARC Group Securities. Hanna currently serves as an executive for several SPACs, including ARC Group Acquisition I (ARCLU; +2% from $10 offer price), ARC Group Securities Acquisition II (FDARU; on file), ARC Group Securities Acquisition I (FJDIU; on file), and ARC Group Acquisition II.
Norient Acquisition intends to target businesses with an aggregate enterprise value of $700 million or greater.
The Tempe, AZ-based company was founded in 2026. It plans to list on the Nasdaq under the symbol NORTU. Arc Group Securities is the sole bookrunner on the deal.
