We intend to focus our search for a target business on companies engaged in metaverse technologies, tourism and e-commerce related industries in the Asia-Pacific, or APAC, region. (Incorporated in Delaware)

We intend to acquire companies with enterprise values of between $150 million and $300 million that are preferably already cash generative. 

We will not acquire an operating business that is highly regulated by its home country or related to national security, including companies that collect and process large amounts of public information and data, companies related to artificial intelligence, telecommunications companies, companies involved in semiconductor industries, rare natural resource companies, unmanned aerial vehicle, geological survey companies or any other enterprises that may relate to a country’s strategic reserves, resources critical to national security, human stem cells, or development or application of gene diagnosis and treatment technology.

We affirmatively exclude as an initial business combination target any company of which financial statements are audited by an accounting firm that the United States Public Company Accounting Oversight Board (“PCAOB”) is unable to inspect for two consecutive years beginning in 2021 and any target company with China operations consolidated through a VIE structure.

**Note: Each unit that we are offering has a price of $10.00 and consists of one share of common stock, par value $0.0001, one redeemable warrant, and one right to receive one-sixth (1/6) of a share of common stock upon the consummation of an initial business combination, as described in more detail below. Each redeemable warrant entitles the holder thereof to purchase one share of common stock at a price of $11.50 per share, subject to adjustment as described herein, and each six rights entitle the holder thereof to receive one share of common stock at the closing of an initial business combination. We will not issue fractional shares. As a result, you must hold rights in multiples of six in order to receive shares for all of your rights upon closing of an initial business combination. Each warrant will become exercisable on the later of 30 days after the completion of an initial business combination and 12 months from the closing of this offering and will expire five years after the completion of our initial business combination or earlier upon redemption or liquidation, as described in this prospectus. We refer to warrants included in the units as “warrants” or the “public warrants” and rights as “rights” or the “public rights.”

**Note: Our sponsor, Plutonian Investments LLC, which is controlled by Mr. Guojian Zhang, a resident of the People’s Republic of China (“PRC”), has committed to purchase from us an aggregate of 245,500 units, or “private units,” at $10.00 per private unit, for a total purchase price of $2,455,000. This purchase will take place on a private placement basis simultaneously with the consummation of this offering.

Wei Kwang Ng, our CEO, has more than 10 years of work experience in American or Singaporean companies. Currently he serves as the chief operating officer of Parcel Santa Pte Ltd, a Singaporean technology company facilitating and value-adding in the logistics space of last mile delivery. Mr. Ng currently also serves the independent director of Redwood Acquisition Corp. (Nasdaq: RWOD).

Ke Wang, our CFO, currently serves as the head of quantitative research at Allstate Insurance Company.

(Note: Plutonian Acquisition Corp. priced its SPAC IPO on Nov. 9, 2022, in line with the terms in its prospectus: 5.0 million units at $10.00 each to raise $50.0 million. At pricing, Plutonian Acquisition Corp. became the 84th SPAC IPO priced so far this year. Plutonian Acquisition Corp. filed its S-1/A (no change in SPAC IPO terms) on Oct. 14, 2022. Plutonian Acquisition filed its S-1 on Oct. 4, 2022; it filed confidential IPO documents on May 19, 2022.)