Financial services SPAC ClearThink 1 Acquisition prices upsized $165 million IPO
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ClearThink 1 Acquisition, a SPAC backed by ClearThink Capital, has upsized its IPO to $165 million by offering 16.5 million units at $10 each. Each unit includes one share of common stock and one-fifth of a right to receive a share upon a business combination. Led by CEO William Brock, the company aims to target financial services in the US and developed countries, focusing on firms with growth potential. It plans to list on Nasdaq under the symbol CTAAU, with D. Boral Capital as the sole bookrunner.
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