Omeed Malik, founder of Farvahar Partners and 1789 Capital, is planning to raise a new special purpose acquisition company, despite a chill in the market for the once-hot investment vehicle.
Malik, a former Bank of America Corp. managing director, aims to gather at least $130 million for the new SPAC, known as Colombier Acquisition Corp. II, according to people with knowledge of the matter. Details could be filed with the US Securities and Exchange Commission as soon as this week, the people said, asking not to be identified discussing confidential information.
The blank-check firm intends to merge with a fast-growing company or companies in any industry, the people added.
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