SFTBY - SoftBank files to raise $525M through SVF Investment SPAC

SoftBank ([[SFTBF]],[[SFTBY]]) to raise up to $525M through its first SPAC, SVF Investment. The company wants to list hte 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. We believe that we have access to a wide range of compelling investment opportunities through our broad international presence and deep local networks."SoftBank says it's targeting sectors where its management has differentiated experience and insights, which includes but isn't limited to mobile communications, AI, robotics, cloud technology, transportation technology, and financial technology.Source: Regulatory filing.Axios previously reported that SoftBank was seeking to raise $500-600M through the offering with plans for at least two more SPACs in

For further details see:

SoftBank files to raise $525M through SVF Investment SPAC