SPAC Albert Origin Acquisition files for a $60 million IPO, led by Chinese executives
IPO Overview
Albert Origin Acquisition, a blank check company formed by Chinese executives targeting North America, Europe, Asia, and Oceania, filed on Tuesday with the SEC to raise up to $60 million in an initial public offering.
The company plans to offer $60 million by offering 6 million units at $10. Each unit consists of one share of common stock and one right to receive one-seventh of a share upon the completion of an initial business combination.
Albert Origin Acquisition is led by CEO and Chairman Bo Yan, the Chairman of Beijing Chengye Fund Management, and CFO and Director Shen Ma, a Partner at Beijing Chengye Fund Management. The SPAC plans to target businesses in North America, Europe, Asia, or Oceania with a strong existing or potential customer base in a large addressable market, products and services necessary to the continuing function of a core economic industry or service, and a recurring revenue model, among other characteristics.
The Beijing, China-based company was founded in 2025 and plans to list on the Nasdaq under the symbol ALOGU. A.G.P. is the sole bookrunner on the deal.
Company Overview
We are a newly organized blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination. Our efforts to identify a prospective target business will not be limited to a particular industry, while we intend to focus on identifying a prospective target business in North America, Europe, Asia or Oceania. We do not have any specific business combination under consideration, and we have not （nor have anyone on our behalf）， directly or indirectly, contacted any prospective target business or had any substantive discussions, formal or otherwise, with respect to such a transaction with our company. We may consummate a business combination with an entity located in China. Further, due to the fact that a majority of our executive officers and directors are located in or have significant ties to China, it may make us a less attractive partner to certain potential target businesses, including non-China companies, and such perception may potentially limit or negatively impact our search for an initial business combination or may therefore make it more likely for us to consummate a business combination with a company based in or having the majority of its operations in China.