SPAC KnightSwan Acquisition files for a $200 million IPO, targeting tech-enabled solutions

KnightSwan Acquisition, a blank check company tech-enabled solutions with applications in government and commercial markets, filed on Wednesday with the SEC to raise up to $200 million in an initial public offering.

The New York, NY-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-half of a warrant, exercisable at $11.50. At the proposed deal size, KnightSwan Acquisition would command a market value of $250 million.

The company is led by Chair Teresa Carlson, the President and Chief Growth Officer at Splunk (Nasdaq: SPLK), and CEO and Director Brandee Daly, the founder and former CEO of C2S Consulting Group, a provider of innovative solutions, prototypes, and delivery of Cloud Cyber Security to the US Intelligence Community, DoD, and US Federal Civilian Agencies. The company plans to target businesses that provide technologically-differentiated products and solutions to the commercial and government markets.

KnightSwan Acquisition was founded in 2021 and plans to list on the NYSE under the symbol KNSW.U. RBC Capital Markets is the sole bookrunner on the deal.