one, a blank check company led by the co-founder of Eventbrite and other industry veterans targeting the tech sector, filed on Thursday with the SEC to raise up to $200 million in an initial public offering.
The San Francisco, CA-based company plans to raise $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one-third of a warrant, exercisable at $11.50. At the proposed price, one would command a market value of $250 million.
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The company was formed by CEO Kevin Hartz, the co-founder and Chairman of Eventbrite (EB; -63% from IPO), co-founder of Xoom (2013 IPO; sold to PayPal), and former entrepreneur in residence at Founders Fund; CFO Troy Steckenrider III, the former COO of ZeroDown; and Director Spike Lipkin, the co-founder and CEO of tech-enabled insurance brokerage Newfront Insurance. Chairman Pierre Lamond is currently an investor for Eclipse Ventures and sits on the boards of several private tech companies.
The company is targeting the tech industry, stating that it intends to partner with founders, operators, and entrepreneurs to build great companies that advance the technology industry, which it refers to as the "Innovation Economy."
The SPAC notes that it may acquire a company that is affiliated with its sponsor, founders, officers, or directors. In that event, it will obtain an opinion from an independent third party that the transaction is fair to the company.
one was founded in 2020 and plans to list on the NYSE under the symbol AONE.U. Goldman Sachs is the sole bookrunner on the deal.
