Semper Paratus Acquisition, a blank check company led by the former CFO of UPS targeting transportation, supply chain, and logistics, filed on Thursday 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-half of a warrant, exercisable at $11.50. At the proposed deal size, Semper Paratus Acquisition would command a market value of $418 million.
The company is led by Executive Chairman Richard Peretz, who spent nearly four decades at UPS, most recently serving as CFO; Vice Chairman Hooman Yazhari, the founder and CEO of impact aligned investment manager Mobility Capital Group; and CEO Ben Baldanza, who currently serves as the CEO of advisory firm Diemacher. The company plans to target the transportation, supply chain, and logistics industry in any stage of the target's corporate evolution.
Semper Paratus Acquisition was founded in 2021 and plans to list on the Nasdaq under the symbol LGSTU. The company filed confidentially on June 10, 2021. Cantor Fitzgerald is the sole bookrunner on the deal.
