Elevation Acquisition Group Inc. Form S-1/A — Oct 8, 2026
Elevation Acquisition Group Inc., a Cayman Islands SPAC, filed Amendment No. 2 to its Form S-1 (File No. 333-298840) as an exhibits-only amendment, adding the form of subscription agreement with at-risk capital investors (Exhibit 10.8). The underlying IPO plans remain unchanged, with units priced at $10.00, each comprising one Class A ordinary share and a right to one-sixth of a share upon a business combination.
Key figures
- Ipo unit price
- $10.00 per Public Unit
- Class b outstanding
- 3,833,333
- Sponsor promissory note
- $75,000
- Authorized class a shares
- 200,000,000
- Authorized class b shares
- 20,000,000
- Over allotment forfeiture
- up to 500,000 founder shares
- Private placement proceeds
- $3,150,000 (or $3,375,000 with over-allotment)
- Sponsor forfeiture pre ipo
- 850,000 founder shares
- Founder share purchase price
- $25,000 for 5,750,000 founder shares ($0.007/share effective)
- Estimated issuance expenses total
- $600,000
- Private placement units committed
- 315,000 (337,500 if over-allotment exercised)
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