SA: SoftBank files to raise $525m through SVF Investment SPAC

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SEEKING ALPHA reports:

– SoftBank to raise up to $525M through its first SPAC, SVF Investment. The company wants to list the units on the Nasdaq.

– The SPAC includes 60.375M units priced at $10 each. The units include one Class A ordinary share and one-fourth of one redeemable warrant to acquire one Class A share.

– Key quote from the filing: “Our SPAC will bridge SoftBank’s private and public investing strategies by enabling us to partner with a fast-growing, IPO-ready technology company.

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– Source: Regulatory filing.

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