CCIS Acquisition, a blank check company targeting middle-market growth businesses, filed on Wednesday with the SEC to raise up to $60 million in an initial public offering.
The Hong Kong-based company plans to raise $60 million by offering 6 million units at $10. Each unit consists of one share of common stock and one right to receive one-tenth of a share upon the completion of an initial business combination.
CCIS Acquisition is led by CEO and Director Chao Yu, the co-founder of global AI information platform BenchmarkAGI. She also currently serves as Director of the Investment Department at Bluechip & Co. Holdings, and the Lead of "Super Talk Investment" at Sina Finance. The SPAC plans to target middle-market growth businesses with strong management teams and earnings growth potential, among other characteristics.
CCIS Acquisition was founded in 2023 and plans to list on the Nasdaq under the symbol CCACU. Benjamin Securities is the sole bookrunner on the deal.
