Enterprise 4.0 Technology Acquisition, a blank check company targeting "Enterprise 4.0" businesses, filed on Friday with the SEC to raise up to $250 million in an initial public offering.
The Burlingame, CA-based company plans to raise $250 million by offering 25 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, Enterprise 4.0 Technology Acquisition would command a market value of $320 million.
The company is led by CEO and Director Eric Benhamou, the founder and General Partner of Benhamou Global Ventures, a venture firm now investing in Enterprise 4.0 companies. Benhamou also previously founded and served as President and CFO of ChaSerg Technology Acquisition, which completed its combination with Grid Dynamics (GDYN) in 2020.
Enterprise 4.0 Technology Acquisition plans to target Enterprise 4.0 companies, which it defines as cloud native companies that combine artificial intelligence, intelligent automation, and proprietary access to data to deliver actionable insights for enterprise businesses.
Enterprise 4.0 Technology Acquisition was founded in 2021 and plans to list on the Nasdaq under the symbol ENTFU. Cantor Fitzgerald and Mizuho Securities are the joint bookrunners on the deal.
