Gold Mountain Acquisition, a blank check company targeting businesses in Asia, filed on Thursday 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, one-half of one warrant to purchase a share exercisable at $11.50, and one right to receive one-fifth of one share at the time of the business combination.
Gold Mountain Acquisition is led by CEO, CFO, and Director David Yan, a partner at V-Stone Capital. His previous SPAC, AlphaVest Acquisition, went public in 2022 and completed its merger with smart home products maker AMC Robotics (AMCI; -51% from $10 offer price) in 2025. He is joined by Chairman Sanxin Yan, the Chairman of Hong Kong Joyful Bird International Capital. The SPAC intends to target a business in Asia with a strong management team, revenue and earnings growth potential, and strong free cash flow generation.
The New York, NY-based company was founded in 2025. It plans to list on the Nasdaq under the symbol GDMTU. Gold Mountain Acquisition filed confidentially on January 15, 2026. EarlyBirdCapital is the sole bookrunner on the deal.
