Each unit consists of one Class A ordinary share, par value $0.0001 per share, of the Company (Class A ordinary share), and one-half of one redeemable warrant, each whole warrant exercisable to purchase one Class A ordinary share at a price of $11.50 per Class A ordinary share. After the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on NYSE under the symbols “AAM” and “AAMW” respectively. The underwriter has been granted a 45-day option to purchase up to an additional 4,500,000 units offered by the Company to cover over-allotments, if any.
The Company intends to focus its target search on businesses in Asia with enterprise values between $500 million and $3 billion.
The Appleby corporate team included Partner Simon Raftopoulos and Senior Associate Alexandra Low.
