Fellazo, a SPAC targeting the health food and supplement sector in Asia, filed on Wednesday with the SEC to raise up to $50 million in an initial public offering.
The Zhejiang, China-based company plans to raise $50 million by offering 5 million units at a price of $10. At 10, Fellazo would command a market value of $65 million. Each unit consists of one share of common stock and one warrant to purchase a share of common stock at $11.50 per share.
The Zhejiang, China-based company was founded in 2018 and plans to list on the Nasdaq under the symbol FLLCU. Fellazo filed confidentially on April 2, 2019. Maxim Group LLC is the sole bookrunner on the deal. No pricing terms were disclosed.
