UCSB Acquisition, a blank check company led by Chinese executives, filed on Friday with the SEC to raise up to $60 million in an initial public offering.
The company plans to raise $60 million by offering 6 million units at $10. Each unit consists of one share of common stock and one right to receive one-fourth of a share upon the completion of a business combination.
UCSB Acquisition is led by CEO and Chairman Leslie Chow, the CFO of Phase Scientific International. He is joined by CFO Teddy Kwong, a Responsible Officer of Plouton Financial Group and former Head of Wealth Management for Hong Kong at BNP Paribas. The SPAC plans to target businesses with a competitive advantage in their core business and long-term growth potential, and may pursue opportunities in China, including Hong Kong and Macau.
The New York, NY-based company was founded in 2026. It plans to list on the Nasdaq under the symbol UCSBU. UCSB Acquisition filed confidentially on August 10, 2026. US Tiger Securities is the sole bookrunner on the deal.
