Charlton Aria Acquisition, a blank check company targeting companies with expansion opportunities, raised $75 million by offering 7.5 million units at $10. Each unit contains one share of common stock and one right to receive one-eighth of a share upon the completion of an initial business combination.
The company is set to be led by CEO and Chairman Robert Garnet, an attorney who serves as an advisor for an immigration services firm, a Canadian merchant bank, and a Singapore-based investment manager; as well as CFO and Director Yunmei Ma, the former CEO of Nasdaq-listed Taiwan-based EV firm Thunder Power. Charlton Aria Acquisition states it will pursue a merger with a company led by a strong management team, with strong growth potential, and a defensible market position.
Charlton Aria Acquisition plans to list on the Nasdaq under the symbol CHARU. Clear Street acted as sole bookrunner on the deal.
