B Capital Technology Opportunities, a blank check company formed by B Capital Group targeting transformational tech, filed on Friday with the SEC to raise up to $300 million in an initial public offering.
The New York, NY-based company plans to raise $300 million by offering 30 million units at $10. Each unit consists of one share of common stock and one-third of a warrant, exercisable at $11.50. At the proposed deal size, B Capital Technology Opportunities would command a market value of $375 million.
The company is led by Chairman Howard Morgan, co-founder and Chairman of global multi-stage investment firm B Capital Group, and CEO and Director Raj Ganguly, co-founder and Co-Managing General Partner of B Capital. The company plans to focus on targets with operations or prospective operations in technology that is transforming large traditional industries such as consumer enablement, financial services, health & wellness, and industrial & transportation.
B Capital Technology Opportunities was founded in 2021 and plans to list on the Nasdaq under the symbol BCTAU. Credit Suisse is the sole bookrunner on the deal.
