UK Wisdom, an Asia-focused blank cheque company formed by Chinese co-working space provider Ucommune, seeks to raise $50 million in an initial public offering (IPO) in the US, according to a regulatory filing.
Headquartered in Beijing, the special purpose acquisition company (SPAC) plans to offer 5 million units at $10 each, with each unit consisting of one share of common stock and one right to receive one-tenth of a share upon the completion of an initial business combination.
