ACBAU 1 + 1 whole warrant
$40mm deal
Trust $10.20
12 months
Extendable 3 3-month periods at 10 cents per. Would be $10.50 at 21 months.
trust account at Morgan Stanley in the United States, maintained by Continental Stock Transfer & Trust Company,
Warrants $18 call. $9.20 pipe protection.
Ladenburg
Target companies with significant operations in the gaming or e-commerce sector in Greater China, East Asia and South Asia regions.
Our principal executive office is located at 6/F Unit B, Central 88, 88-98 Des Voeux Road Central, Hong Kong and our telephone number is +852 9086 7042.
Management Operating and Investing Experience
Our management team consists of a team of members that have significant experience working and managing in the gaming and e-commerce market in these regions. Our team is led by Mr. Eugene Wong, Chief Executive Officer and Mr. Nicholas Tan, Chief Financial Officer. See the section titled “Management” for complete information on the experience of our officers and directors.
Mr. Wong has had a wide range of experience both in the financial and gaming industries for over a decade. Prior to joining Whiz Partners Inc., a private equity firm in Japan and China, he worked in the financial industry, and gained expertise in mergers and acquisitions as well as investments. During his time at Whiz Partners, he became the Chief Investment Officer of the China Hero Fund, an incubation program to support Chinese developers to create the next blockbuster console game on PlayStation 4. China Hero Fund is an exclusive collaboration with Sony Interactive Entertainment, one of the largest console gaming companies in the world. He personally oversaw the injection of multiple Japanese technology companies in audio middleware, debugging and testing and graphics renderings to improve the quality of games in this program. Through his leadership and management, he successfully executed ongoing China expansion strategies for portfolio gaming companies and ensure their successful game launch, as well as plan the exit strategy maximizing investors’ returns. Having served in multiple financial roles and in the gaming industry, his insights and experience will be invaluable to complete this business combination. Mr. Wong is currently the Vice President of Whiz Partners and the Partner and Chief Investment Officer of the China Hero PJ Fund.
Mr. Tan has had extensive experience working in Southeast Asia and Greater China in the gaming and e-commerce market. He was one of the founding team members of Shopee Pte Ltd, a leading e-commerce platform in Southeast Asia. As Regional Operations Director of Shopee, he set up and oversaw the business operations and product development for Shopee in Thailand, Vietnam, Indonesia, Singapore, Taiwan, Philippines and Malaysia. Shopee was rated as one of the “5 disruptive e-commerce startups” by Tech In Asia and awarded the “Singapore Startup of the Year” in 2015. Shopee was later acquired by Garena, a global online games developer in Singapore, which was later known as Sea Ltd. According to Bloomberg, the company was one of the world’s best-performing large-cap stocks on Wall Street as of August 5, 2020. He later served as the Director of Zhejiang Jianqiao Energy Co. Ltd, an oil and gas company that was responsible for developing the $150 million seminal crude oil terminal at Ningbo-Zhoushan Port, and then moving onto becoming the Vice President of China Mall Group. As Vice President, he oversaw the launch of 150,000 msg Home Africa Mall in Johannesburg. Nicholas is currently the partner of East Ocean Capital, an investment holding company that specializes in consumers and healthcare.