NorthStrive Acquisition I, a blank check company targeting manufacturing companies, 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 exercisable at $11.50, and one right to receive one-fourth of one ordinary share upon the consummation of an initial business combination.
NorthStrive Acquisition I is led by CEO Michel Tamer, the Managing Director of M&A at NorthStrive Companies. He is joined by CFO James Dawson, the Controller of GB Capital. The SPAC intends to target companies in the manufacturing sector serving high-growth demand markets, including, but not limited to, aerospace and defense, industrial technology, and critical supply chains.
The Newport Beach, CA-based company was founded in 2026. It plans to list on the Nasdaq although it has not yet selected a symbol (RC ticker: NOSU.RC). D. Boral Capital is the sole bookrunner on the deal.
