UNSDG Acquisition, a blank check company targeting the decarbonization and digitalization spaces, filed on Friday with the SEC to raise up to $100 million in an initial public offering.
The Las Vegas, NV-based company plans to raise $100 million by offering 10 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50. At the proposed deal size, UNSDG Acquisition would command a market value of $131 million.
The company is led by Chairman James Boettcher, the founder of Focus Ventures, and CEO and Director Jeffrey Premer, the CEO of Vaultex, a regulated security token and asset exchange based in Singapore, and the founder and Manager of Singapore-based private advisory firm ICM. The company plans to target the decarbonization, sustainable mining, renewable energy, blockchain, and commodity trade sectors, as well as technologies with applications in those sectors. It also plans to focus merger candidates that are in good positions to grow rapidly and provide positive environmental and social impacts compliant with the UN's Sustainable Development Goals.
UNSDG Acquisition was founded in 2021 and plans to list on the Nasdaq, but has not selected a symbol yet (RC ticker: UNAQU.RC). Kingswood Capital Markets is the sole bookrunner on the deal.
