Orange Street Acquisition, a blank check company targeting established businesses with defensible market positions, filed on Monday with the SEC to raise up to $65 million in an initial public offering.
The company plans to raise $65 million by offering 6.5 million units at $10. Each unit consists of one share of common stock, one whole warrant to purchase a share, exercisable at $11.50, and one right to receive one-fourth of a share at the time of the business combination.
Orange Street Acquisition is led by CEO and Chairman Wenxi He, the CEO of Metal Sky Star Acquisition (formerly Nasdaq: MSSA), which plans to liquidate, and former CEO of DT Cloud Acquisition (formerly Nasdaq: DYCQ). She is joined by CFO Christopher Regan, the Head of Trading at KX Power. The SPAC plans to target industry leaders with defensible business models, long-term growth potential and stable free cash flow.
The New York, NY-based company was founded in 2026. It plans to list on the Nasdaq under the symbol OSACU. Polaris Advisory Partners is the sole bookrunner on the deal.
