Mana Capital Acquisition, a blank check company targeting businesses in North America, Europe, and Asia, filed on Tuesday with the SEC to raise up to $60 million in an initial public offering.
The Dover, DE-based company plans to raise $60 million by offering 6 million units at $10. Each unit consists of one share of common stock, one right to receive one-seventh of a share of common stock upon completion of an initial business combination, and one-half of a warrant, exercisable at $11.50. At the proposed deal size, Mana Capital Acquisition would command a market value of $75 million.
The company is led by CEO, CFO, and Chairman Jonathan Intrater, a Managing Director in the investment banking department at Ladenburg, Thalmann & Co. The company plans to target businesses operating in North America, Europe and Asia in the healthcare, technology, green economy and consumer products sectors.
Mana Capital Acquisition was founded in 2021 and plans to list on the Nasdaq under the symbol MANAU. The company filed confidentially on July 20, 2021. Ladenburg Thalmann is the sole bookrunner on the deal.
