Tech-focused SPAC Aimfinity Investment I files for a $70 million IPO

By Renaissance Capital,

Aimfinity Investment I, a blank check company targeting the technology sector, filed on Friday with the SEC to raise up to $70 million in an initial public offering.

The New York, NY-based company plans to raise $70 million by offering 70 million units at a price of $10. Each unit consists of one share of common stock, one Class 1 warrant, and one-half of a Class 2 warrant, exercisable at $11.50. At the proposed deal size, Aimfinity Investment I would command a market value of $92 million.

Aimfinity Investment I is led by CEO and Director George Cao, the founder and CEO AscendEX, a digital asset trading platform, as well as a number of other tech ventures; and CFO Nicholas Torres, who serves as the Controller of AscendEX, and has previous financial experience at Bloomberg and Goldman Sachs.

The SPAC was founded in 2021, and plans to list on the Nasdaq under the symbol AIMAU. Tiger Brokers and EF Hutton are the joint bookrunners on the deal

Source : https://www.renaissancecapital.com/IPO-Center/News/91677/Tech-focused-SPAC-Aimfinity-Investment-I-files-for-a-$70-million-IPO

The post Tech-focused SPAC Aimfinity Investment I files for a $70 million IPO appeared first on Pre IPO Swap.

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