Quetta Acquisition registered to offer 6 million units, each consisting of one share and one-tenth of a right. Whole rights may be rdeemed for a share when the SPAC completes a deal.
The company said it intends to prioritize the evaluation of businesses in asia (excluding china, hong kong, and Macau) that operate in the financial technology sector.
Quetta is led by Chairman and CEO Hui Chen, whose prior SPAC, Yotta Acquisition, terminated a deal earlier this month with aquaculture company NaturalShrimp.
The SPAC expects to apply for a listing on the Nasdaq Global under the symbol QETAU.
EF Hutton is sole bookrunning manager on this deal. Read more.
Source: Fintech-Focused Quetta Acquisition Files for M IPO