Bowen Acquisition, a special purpose acquisition company (SPAC) that targets businesses in Asia, has filed with the US Securities and Exchange Commission (SEC) to raise up to $60 million in an initial public offering (IPO).
The blank cheque company, led by chairwoman Na Gai and CEO Jiangang Lou, has priced 6 million units at $10 apiece to raise the IPO target. It also granted underwriters a 45-day option to purchase up to an additional 900,000 units to cover over-allotments, if any.