Alkaid Acquisition Corp.
We are a blank check company. (Incorporated in Delaware)
Our efforts to identify a prospective target business will not be limited to any particular industry or geographic region. We intend to actively look for suitable investment opportunities within the Internet of Things (IoT), smart manufacturing, and renewable energy related industries with an enterprise value of approximately $300 million to $600 million. We will prioritize targets that are already benefiting from or capitalizing on trends found within their respective sectors.
We affirmatively exclude as an initial business combination target any company of which financial statements are audited by an accounting firm that the PCAOB is unable to inspect for two consecutive years beginning in 2021 and any target company with China operations consolidated through a VIE structure.
Although we currently do not have any People’s Republic of China (“PRC”) subsidiary or China operations, a majority of our officers and directors have significant ties to, and business experience in, mainland China and Hong Kong, which may make us a less attractive partner to certain potential non-China– or non-Hong Kong-based target businesses.
Greig Andrew Robert Charlton has been our CEO since January 2022. Mr. Charlton has over 10 years of experience in legal, corporate management, and entrepreneurship. He is also the CEO and a board member of Two Four Seven Limited, an event and travel ticketing, entertainment IP creation, commercialization and production company.
Our sponsor, Alkaid Investments LLC, is controlled by Min Gan, who is a permanent resident of and based in mainland China.
(Note: Alkaid Acquisition Corp. filed its S-1 on Nov. 10, 2022, and disclosed terms for its SPAC IPO: 5.0 million units at $10.00 each to raise $50.0 million. Each unit consists of one share of common stock and one right to receive one-fifth (1/5) of a share of common stock upon the consummation of an initial business combination. Alkaid Acquisition Corp. submitted confidential SPAC IPO documents to the SEC on May 20, 2022.)
(Note: Our sponsor, Alkaid Investments LLC, which is controlled by Min Gan, has committed to purchase from us 262,500 units, or “private units,” at $10.00 per private unit, for a total purchase price of $2,625,000. The purchase will take place on a private placement basis simultaneously with the consummation of this offering.)
|Address||42 Broadway, 12th Floor New York, NY 10004|
|Phone Number||(646) 783-3012|
|View Prospectus:||Alkaid Acquisition Corp.|
|Revenues||$0 mil (last 12 months)|
|Net Income||$0 mil (last 12 months)|
|Price range||$10.00 - $10.00|
|Est. $ Volume||$50.0 mil|
|Manager / Joint Managers||Chardan|
|Expected To Trade:|
|Quiet Period Expiration Date:||Available only to Subscribers|
|Lock-Up Period Expiration Date:||Available only to Subscribers|
|SCOOP Rating||Available only to Subscribers|
|Rating Change||Available only to Subscribers|