---
title: "SPAC ARC Group Acquisition I decreases shares offered by 30% ahead $105 million IPO"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/282199054.md"
description: "ARC Group Acquisition I has reduced its IPO offering by 30%, now planning to raise $105 million by offering 10.5 million units at $10 each, down from the previously proposed 15 million units. Each unit includes one share of common stock, one warrant, and a right to receive a fraction of an ordinary share upon a business combination. Led by CEO Datuk Wong, the SPAC aims to target businesses with enterprise values over $700 million and plans to list on Nasdaq under the symbol ARCLU."
datetime: "2026-04-09T12:50:49.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/282199054.md)
  - [en](https://longbridge.com/en/news/282199054.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/282199054.md)
---

# SPAC ARC Group Acquisition I decreases shares offered by 30% ahead $105 million IPO

ARC Group Acquisition I, a blank check company led by executives from Bio Green Med Solution and ARC Group, lowered the proposed deal size for its upcoming IPO on Thursday.

The New York, NY-based company now plans to raise $105 million by offering 10.5 million units at $10. The company had previously filed to offer 15 million units at the same price. ARC Group Acquisition I had originally filed to offer 25 million units. Each unit contains one share of common stock one warrant exercisable at $11.50, and one right to receive one-fourth of one ordinary share upon the consummation of an initial business combination.

Arc Group is led by **CEO and Director Datuk Wong**, the CEO of Bio Green Med Solution (Nasdaq: BGMS). He is joined by **CFO Cu Seng Kui**, the CFO of Bio Green Med Solution, and **COO and Director Ian Hanna**, the CEO and Partner of ARC Group Securities. While it hasn't selected a target industry or geography, the SPAC plans to focus on businesses with enterprise values of $700 million or greater.

ARC Group Acquisition I was founded in 2025. It plans to list on the Nasdaq under the symbol ARCLU. Arc Group Securities and IB Capital are the joint bookrunners on the deal.

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