Mars Acquisition, a blank check company targeting the technology innovations market, raised $60 million by offering 6 million units at $10. Each unit consists of one share of common stock and one right to receive two-tenths of a share upon the completion of an initial business combination.
The company is led by CEO, CFO, and Director Karl Brenza, former Senior Managing Director of Investment Banking for Paulson Investment Company; COO and Director Iris Zhao, the CIO of Future Fintech Group (Nasdaq: FTFT); and Chairman Shanchun Huang, the CEO of Future Fintech Group. Zhao and Huang are spouses.
The company plans to target businesses in electronic vehicles, healthcare technology, financial technology, cleantech, specialty manufacturing, big data and artificial intelligence, and any other related technology innovations market.
Mars Acquisition plans to list on the Nasdaq under the symbol MARXU. Maxim Group LLC acted as sole bookrunner on the deal.
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