Mindset Growth Opportunities I, a blank check company targeting disruptive agriculture and food technologies, filed on Thursday with the SEC to raise up to $175 million in an initial public offering.
The company plans to raise $175 million by offering $17.5 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, Mindset Growth Opportunities I would command a market value of $225 million.
The company is led by CEO and Director Daniel Ibri, COO Camila Potenza, and CFO and Chairman Nemer Rahal, who serve as Managing Partners of Mindset Ventures, an international venture capital fund co-founded by Ibri and Potenza. Mindset Growth Opportunities I plans to leverage management's experience and target disruptive agriculture and food technologies. Specifically, the SPAC intends to pursue opportunities within the sectors of novel farming systems, ag fintechs, agribusiness marketplaces, and farm management software, among others.
The San Francisco, CA-based company was founded in 2021 and plans to list on the Nasdaq under the symbol MSVAU. Mindset Growth Opportunities I filed confidentially on October 12, 2021. Citi is the sole bookrunner on the deal.
