Technology SPAC Iswill Acquisition files for a $230 million IPO

Iswill Acquisition, a blank check company targeting the software and internet technology industries, filed on Thursday with the SEC to raise up to $230 million in an initial public offering.

The Burlingame, CA-based company plans to raise $230 million by offering 23 million units at a price of $10, where it would a market value of $294 million. The units consist of one share of common stock and one-half of one warrant to purchase a share of common stock at $11.50. 

Iswill Acquisition was founded in 2018 and plans to list on the Nasdaq under the symbol IWAC.U. Cantor Fitzgerald is the sole bookrunner on the deal.