Consilium Acquisition I, a blank check company formed by Consilium Investment Management targeting "new economy sectors", filed on Thursday with the SEC to raise up to $150 million in an initial public offering.
The Fort Lauderdale, FL-based company plans to raise $150 million by offering 15 million units at $10. Each unit consists of one share of common stock, one right to receive one-tenth of a share upon the completion of an initial business combination, and one-half of a warrant, exercisable at $11.50. At the proposed deal size, Consilium Acquisition I would command a market value of $188 million.
The company is led by CEO, CFO, and Director Charles Cassel and Chairman Jonathan Binder, the co-founders of Consilium Investment Management, where they serve as CEO and CIO, respectively. The company plans to target businesses operating in the "new economy sectors," which it defines as those in technology, financial services, or media and that are located in Frontier Growth Markets, or Middle East and North Africa, Sub-Saharan Africa, South Asia, and Southeast Asia.
Consilium Acquisition I was founded in 2021 and plans to list on the Nasdaq under the symbol CSLMU. The company filed confidentially on August 16, 2021. BTIG is the sole bookrunner on the deal.
