Chinese SPAC Creative Future applies for listing on the US stock market, aiming to raise 60 million USD
The blank check company Creative Future Acquisition, led by Chinese executives, has submitted an IPO application to the U.S. Securities and Exchange Commission, planning to raise $60 million. The company will issue 6 million units at $10 per unit, with each unit consisting of one share of common stock and a right to purchase one-tenth of a share. Creative Future aims to acquire mid-market companies with revenue and earnings growth potential
According to the Zhitong Finance APP, Creative Future Acquisition, a blank check company (SPAC) led by Chinese executives, submitted an application to the U.S. Securities and Exchange Commission (SEC) on Monday, aiming to raise up to $60 million through an IPO.
The company plans to issue 6 million units at a price of $10 per unit, raising $60 million. Each unit includes one share of common stock and the right to receive one-tenth of a share of common stock.
This SPAC is led by CEO and Chairman Zhiru Lin, who is currently the Chairman of Yeliya Health Technology; the Chief Financial Officer is Xingyu Dan, who serves as the Chief Financial Officer of Zhejiang Tengshi Intelligent Driving Technology. The SPAC plans to target mid-market companies, companies led by experienced management teams, businesses with revenue and earnings growth potential, and companies with strong free cash flow potential.
The company was established in 2025 and plans to list on NASDAQ under the ticker symbol CFACU. Craft Capital Management is the sole book-running manager for this transaction
