AEI CapForce II Investment, a blank check company targeting "new economy" sectors in the Southeast Asia and APAC regions, filed on Tuesday with the SEC to raise up to $100 million in an initial public offering.
The Kuala Lumpur, Malaysia-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 warrant, exercisable at $11.50. At the proposed deal size, AEI CapForce II Investment would command a market value of $129 million.
The company is led by CEO and Chairman John Tan, whose current roles include serving as CEO of AEI Capital Group, where he leads the APAC-focused private equity investment group, as well as CFO and Director Gilbert Loke, who serves as the CFO of Greenpro Capital and Greenpro Venture Capital. The company plans to target businesses in Southeast Asia or the APAC region in the “new economy,” focusing on the names which can capitalize on decarbonization and electrification trends, as well as high commodities demand.
The Kuala Lumpur, Malaysia-based company was founded in 2021 and plans to list on the Nasdaq under the symbol AEIBU. EF Hutton is the sole bookrunner on the deal.
