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Malaysia-based SPAC AEI CapForce II Investment files for a $100 million IPO

September 7, 2021

AEI CapForce II Investment, a blank check company targeting the financial technology and related sectors in Greater China or Southeast Asia, filed on Tuesday with the SEC to raise up to $100 million.

The Kuala Lumpur, Malaysia-based company plans to raise $100 million by offering 10 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50. At the proposed deal size, AEI CapForce II Investment would command a market value of $129 million.

The company is led by CEO and Chairman John Tan, whose current roles include serving as CEO of AEI Capital Group, where he leads the APAC-focused private equity investment group. The company plans to target businesses in Greater China or Southeast Asia in the “new economy,” focusing on the financial technology and the financial services and technology industries that offer a differentiated technology platform or product for interfacing with the financial services sector.

AEI CapForce II Investment was founded in 2021 and plans to list on the Nasdaq under the symbol AEIBU. EF Hutton is the sole bookrunner on the deal.