Compute AI Acquisition, a blank check company targeting businesses across the AI ecosystem, filed on Friday 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 whole warrant to purchase a share, exercisable at $11.50, and one right to receive one-half of a share at the time of the business combination.
Compute AI Acquisition is led by CEO and Chairman John-Paul Backwell, the former CEO and a current director of Fusion Fuel Green (Nasdaq: HTOO) and its subsidiary Quality Industrial. He is joined by CFO and Director John Ollet, the CFO of Host Digital (NYSE American: HOST).
The SPAC plans to target businesses in the AI sector and the broader AI ecosystem, including companies that develop AI technologies, enable AI infrastructure, or deliver products and services powered by AI.
The New York, NY-based company was founded in 2026. It plans to list on the Nasdaq under the symbol AICPU. D. Boral Capital is the sole bookrunner on the deal.
