Bowen Acquisition today registered to offer 6 million units at $10 each. A unit consists of one share and a right to receive one-tenth of a share at the close of a business combination.
The SPAC in the S-1 filing said it is broadly focused on targets in Asia, but will not do a deal with any company with China operations consolidated through a VIE structure.
Chairwoman Na Gai has served as the executive president for Shenzhen Guoxing Capital, an asset management and investment company based in China, since September 2015. Gai also served as a partner of Hunan Zhongsheng Hongcheng Investment Management Partnership, a private equity investment company based in China, from February to May 2017.
Earlybird Capital is bookrunning manager with REvere Securities serving as co-manager.
The new SPAC has applied for a nasdaq listing under the symbol BOWNU. Read more.
Source: Bowen Acquisition Files for M IPO