Amanat Acquisition Corp.

S-1 filed

Price $10.00 · 7,500,000 shares · Gross proceeds $75,000,000

Amanat Acquisition Corp, a Cayman Islands exempted company, is conducting an IPO of 7,500,000 Class A ordinary shares at $10.00 per share, with a 45-day over-allotment option. The company aims to complete a business combination within 24 months, with no specific target selected yet. The sponsor, Amanat Sponsor Holdings LLC, will purchase 300,000 private placement shares. Shareholders may redeem shares upon business combination completion or if the deadline is missed, with redemption prices tied to trust account balances. The structure includes Class B founder shares convertible to Class A, with voting controls for Class B holders.

DRS filed

Amanat Acquisition Corp, a Cayman Islands exempted company, is conducting an initial public offering (IPO) of 7,500,000 Class A ordinary shares at $10.00 per share, raising $75 million. The company, structured as a blank check entity, aims to complete a business combination within 24 months (or extended period) but has not yet identified a target. Unlike typical SPACs, this offering does not include warrants. Public shareholders may redeem shares upon business combination completion or if the deadline is missed, with specific restrictions on redemption limits. The sponsor, Amanat Sponsor Holdings LLC, will purchase private placement shares and has transferred founder shares to executives and directors. The filing highlights risks related to redemption rights, dilution, and uncertainties in completing a business combination.