DJ Aesther Healthcare Acquisition, Jade Mountain Acquisition File for IPOs -- SPAC Tracker
SPAC Tracker is a weekly feature highlighting some of the special purpose acquisition companies, also known as blank-check companies, that have filed for initial public offerings with the U.S. Securities and Exchange Commission during the past week.
Aesther Healthcare Acquisition Corp.
Aesther Healthcare Acquisition Corp. filed for a $100 million initial public offering on Monday.
The company said its sponsor, Aesther Healthcare Sponsor LLC, is an affiliate of its founder and chief executive, Suren Ajjarapu. Mr. Ajjarapu serves as CEO of TRxADE Health Inc., and is a director of blank-check company OceanTech Acquisition I Corp.
The company said it intends to focus its efforts identifying businesses primarily in the pharmaceutical and medical devices industries.
Seaport Calibre Materials Acquisition Corp.
Seaport Calibre Materials Acquisition Corp. filed for a $150 million IPO on Monday.
The company said its sponsors are Seaport Global Asset Management LLC and Calibre Group LLC.
The company also said it expects to seek an initial business combination with a target in the steel, metals and metal processing sector, given that its officers and directors have significant experience in the sectors.
Athena Consumer Acquisition Corp.
Athena Consumer Acquisition Corp. filed for a $200 million IPO on Tuesday.
The company said it plans to focus its efforts on identifying businesses offering technology-enabled consumer goods and/or services. The company said it believed new technologies, expanding emerging markets and new consumption habits led by millennials and "generation Z" have driven growth in those sectors.
Athena Consumer Acquisition said certain of its directors are also directors of blank-check company Athena Technology Acquisition Corp., which carried out its IPO earlier this year and entered an agreement for a business combination with Heliogen Inc.
Cactus Acquisition Corp. 1 Ltd.
Cactus Acquisition Corp. 1 Ltd. on Tuesday filed for a $100 million IPO.
The company said it intends to focus its search on technology-based healthcare businesses that are domiciled in Israel, which carry out all or a substantial portion of their activities in the country or that have some other significant Israeli connection.
The company said its sponsor's three primary participants are life-sciences investment company Clal Biotechnology Industries, venture fund Israel Biotech Fund and Consensus Business Group, which is participating via an affiliate, Kalistcare Ltd.
Jade Mountain Acquisition Corp.
Jade Mountain Acquisition Corp. filed for a $100 million IPO on Thursday.
The company said in plans to capitalize on the ability of its management team to identify and acquire a business focusing on the healthcare and technology industries.
The company said sectors it plans to explore for an initial business combination include segments of the medical, biotechnology, data and data science and financial fields.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
July 23, 2021 14:00 ET (18:00 GMT)
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