Chinese executive-led SPAC XFLH Capital applies for a U.S. IPO aiming to raise $60 million

Zhitong
2025.09.30 07:46
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Chinese executive-led SPAC XFLH Capital has submitted an IPO application to the U.S. SEC, planning to raise $60 million by issuing 6 million shares at a price of $10 per share. This SPAC focuses on growth-oriented companies, targeting businesses with valuations between $200 million and $400 million, possessing strong management teams and stable cash flows. The company was established in 2025 and plans to list on NASDAQ under the ticker symbol XFLHU, with Maxim Group serving as the exclusive bookrunner