LAMF Global Ventures I, a blank check company formed by Los Angeles Media Fund targeting media, entertainment, and sports, filed on Monday with the SEC to raise up to $200 million in an initial public offering.
The West Hollywood, CA-based company plans to raise $200 million by offering 20 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, LAMF Global Ventures I would command a market value of $277 million.
The company is led by Chairman Jeffrey Soros and CEO and Director Simon Horsman, the co-founders and Co-CEOs of Los Angeles Media Fund (LAMF), a multifaceted media and entertainment company whose primary business is investing in and producing feature films, television series, and documentary projects as well as live events. LAMF Global Ventures I plans to leverage management's experience and target opportunities in media, entertainment, and sports, as well as within e-commerce and technology.
LAMF Global Ventures I was founded in 2021 and plans to list on the Nasdaq under the symbol LGVCU. Wells Fargo Securities is the sole bookrunner on the deal.
