Elevation Acquisition Group Inc. Form S-1/A — Sep 25, 2026
Elevation Acquisition Group Inc., a Cayman Islands blank check SPAC, filed an S-1/A amendment for a $100 million IPO of 10,000,000 units at $10.00 each, each unit comprising one Class A ordinary share and one right (1/6 share upon business combination). Underwriters led by Maxim Group hold a 45-day option on 1,500,000 additional units. The company has no business combination target and no substantive discussions underway. It will have 18 months from closing to complete an initial business combination, with $100,000,000 held in trust at Continental Stock Transfer & Trust Company.
Key figures
- Greenshoe
- 1500000
- Debt Amount
- 75000
- Gross Proceeds
- 100000000
- Offering Price
- 10
- Shares Offered
- 10000000
- Trust Account Deposit
- 100000000
- Representative Shares
- 450000
- Private Placement Units
- 315000
- Founder Shares Outstanding
- 3833333
- Private Placement Proceeds
- 3150000
- Underwriting Discount Total
- 1500000
- Underwriting Discount Per Unit
- 0.15
- Trust Account Deposit With Greenshoe
- 115000000
- Business Combination Deadline Months
- 18
- Founder Share Purchase Price Per Share
- 0.007
- Founder Share Aggregate Purchase Price
- 25000
AI analysis
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