Decarbonization-focused SPAC Hanze Asia Growth A files for a $100 million Reg A+ IPO

Hanze Asia Growth A, a blank check company targeting fintech and global decarbonization, filed on Tuesday with the SEC to raise up to $100 million in an initial public offering.

The New York, NY-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-fourth of a warrant, exercisable at $11.50. At the midpoint of the proposed range, Hanze Asia Growth A would command a market value of $125 million.

The company is led by CEO and Chairman Chen Lian Sheng, the CEO of Dalian Hunter Asset Management. The company plans to target businesses advancing the objectives of fintech or global decarbonization, focusing on sectors including energy and agriculture, industrials, transportation, and commercial and residential.

Hanze Asia Growth A was founded in 2021 and plans to list on the Nasdaq under the symbol HZAGU. Citi and Credit Suisse are the joint bookrunners on the deal.