Oxley Bridge Acquisition Limited (OBAWU)priced its SPAC IPO in sync with the terms in the prospectus – 22.0 million units at $10.00 each – and raised $220 million on Tuesday night, June 24, 2025. Each unit consists of one share and one-half of one redeemable warrant. Oxley Bridge Acquisition Limited (OBAU) is expected to start trading tomorrow – Wednesday, June 25, 2025 – on the NASDAQ. This SPAC is incorporated in the Cayman Islands. (Editor’s Note: Oxley Bridge Acquisition Limited updated its symbol to “OBAWU” in its final prospectus dated June 24, 2025, from “OBAU” in a previous SEC filing.)
Cantor served as the sole book-runner.
Oxley Bridge Acquisition (OBAWU) said it intends to search globally for a target focused on the global consumer and technology sectors. Its search will look for a target company with disruptive growth potential through the use of technology with an eye toward those companies that can benefit from operations in Asia, excluding the People’s Republic of China, Hong Kong and Macau.
“We will initially target businesses with enterprise values of approximately $500 million to $1.0 billion,” Oxley Bridge Acquisition said in the prospectus.
Jonathan Lin is the CEO and chairman of Oxley Bridge Acquisition Limited, according to the prospectus. Mr. Lin is also the co-founder, partner and chief investment officer at L2 Capital. He has over 18 years of investment experience across multiple geographies overseeing strategies from public to private investments.
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