Blue Room Acquisition, a blank check company led by MKM Bolsa Privada executives targeting the financial sector, 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, one right to receive one-tenth of a share upon the completion of an initial business combination, and one warrant, exercisable at $11.50. At the proposed deal size, Blue Room Acquisition would command a market value of $269 million.
The SPAC is led by CEO and Chairman Erick Deneb Flores Garcia, the founder and CEO of Mexico-based financial services firm MKM Bolsa Privada. It plans to target the financial sector, focusing on US-based businesses with market values between $250 million and $500 million.
Blue Room Acquisiton was founded in 2023 and plans to list on the Nasdaq under the symbol IBLUU. The company filed confidentially on September 27, 2023. Maxim Group LLC is the sole bookrunner on the deal.
