B Capital joins global SPAC frenzy with $300m Nasdaq IPO filing
Photo: B Capital
February 22, 2021
Singapore- and US-based B Capital is looking to raise up to $300 million on the Nasdaq for its latest special purpose acquisition company (SPAC), according to a filing with the US Securities Exchange Commission (SEC) on Feb. 19.
B Capital Technology Opportunities will be based in New York and plans to raise the $300 million by offering 30 million units at $10 per unit. Each unit will comprise one share of common stock and one-third of a warrant, exercisable at $11.50, according to the SEC filing.
As such, the proposed deal size will give B Capital Technology Opportunities a market value of $375 million.