Corazon Capital V838 Monoceros, a blank check company led by Corazon Capital executives targeting consumer tech and media, filed on Friday with the SEC to raise up to $200 million in an initial public offering.
The company plans to raise $200 million by offering 20 million units at a price of $10. Units consist of one share of common stock and one-third of a warrant, exercisable at $11.50. At the deal size, Corazon Capital V838 Monoceros would command a market value of $250 million.
The SPAC's CEO Sam Yagan, who is also CEO of Corazon Capital, co-founded and served as the CEO of SparkNotes (acquired by Barnes & Noble), MetaMachine, and OkCupid (acquired by InterActiveCorp / Match Group). He later served as CEO of Match Group, and then CEO of ShopRunner (acquired by FedEx).
The SPAC plans to focus on acquiring businesses with consumer-facing technology, subscription or recurring revenue models, marketplaces and networks, or that operate in sectors such as education, social media and dating, and ecommerce.
The Chicago, IL-based company was founded in 2021 and plans to list on the Nasdaq under the symbol CRZNU. Citi is the sole bookrunner on the deal.
