Consilium Acquisition I, a blank check company formed by Consilium Investment Management targeting "new economy sectors", raised $165 million by offering 16.5 million units at $10. The company offered 1.5 million more units than anticipated. Each unit consists of one share of common stock, one right to receive one-tenth of a share upon the completion of an initial business combination, and one-half of a warrant, exercisable at $11.50.
The company is led by CEO, CFO, and Director Charles Cassel and Chairman Jonathan Binder, the co-founders of Consilium Investment Management, where they serve as CEO and CIO, respectively. The company plans to target businesses operating in the "new economy sectors," which it defines as those in technology, financial services, or media and that are located in Frontier Growth Markets, or Middle East and North Africa, Sub-Saharan Africa, South Asia, and Southeast Asia.
Consilium Acquisition I plans to list on the Nasdaq under the symbol CSLMU. BTIG acted as sole bookrunner on the deal.
