Albatross Acquisition, a blank check company targeting large underpenetrated markets, 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 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.
Albatross Acquisition is led by CEO, CFO, and Chairman Zihan Chen, an investment analyst at Shanghai Zhongfei Enterprise, where he focuses on IPOs and de-SPAC transactions. The SPAC plans to target companies within large underpenetrated markets with favorable industry dynamics, with strong management teams, and a defensible market position with sustainable competitive advantage.
The New York, NY-based company was founded in 2025. It plans to list on the NYSE under the symbol ATAC.U. Polaris Advisory Partners is the sole bookrunner on the deal.
