Lianfeng Holding Acquisition, a blank check company targeting the culture tech and art trading sectors in Asia, filed on Thursday with the SEC to raise up to $70 million in an initial public offering.
The Shenzhen, China-based company plans to raise $70 million by offering 7 million shares at $10. The offering does not contain warrants or rights. At the proposed deal size, Lianfeng Holding Acquisition would command a market value of $100 million.
Lianfeng Holding Acquisition is led by CEO and Chairman Zenan Zhong and CFO and Director Yunhai Liu, who currently serve as Chairman and CEO of culture tech and art trading company Lianfeng Holdings (Shenzhen) Group, respectively. The SPAC plans to target the Asian culture technology and art trading sectors.
Lianfeng Holding Acquisition plans to list on the Nasdaq under the symbol LFKG. The company has not selected an underwriter yet.
