Integral Acquisition 1, a blank check company targeting tech-oriented businesses in Australia and New Zealand, filed on Monday with the SEC to raise up to $100 million.
The New York, NY-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, Integral Acquisition 1 would command a market value of $125 million.
The company is led by CEO and Director Enrique Klix, who most recently served as General Manager of Orora Cartons Australia (ASX: ORA), until its sale to Nippon Paper. His other former roles include serving as SVP of McKinsey & Co.'s recovery and transformation division in Australia and New Zealand, and CFO and Deputy CEO of McColl's Transport. The company plans to target technology-oriented businesses in Australia and/or New Zealand, focusing on those operating in sectors such as artificial intelligence, cybersecurity, data analytics, Internet of Things, quantum computing, and software-as-a-service.
Integral Acquisition 1 was founded in 2021 and plans to list on the Nasdaq under the symbol INTEU. The company filed confidentially on April 9, 2021. Wells Fargo Securities is the sole bookrunner on the deal.
