OVERVIEW
Acri Capital Acquisition Corp. (Nasdaq：ACACU) is a newly organized blank check company formed as a Delaware corporation for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. We have not selected any potential business combination target or initiated any discussions, directly or indirectly, with any potential business combination prospects.
Our efforts to identify a prospective target will not be limited to a particular industry or geographic region, although we intend to initially focus our search on identifying a prospective target in the technology-enabled industries. Our strategy is informed by our experience and expertise in investing, managing, and operating technology-enabled companies across different market segments and development stages.
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Yi Hua
CEO, CFO, Chairwoman
Ms. Hua has over 18 years of experience in investment management, hedge fund, private equity and real estate investment around the world. Since June 2016, Ms. Hua has served as the Managing Director of Serene View Capital LLC, an investment management and consulting firm. In June 2018, Ms. Hua founded Cohere Education LLC, an online education start-up engaged in the distribution of STEAM curriculum and programs to K-12 and college students in the U.S. and China. Before that, Ms. Hua co-founded and served as the Chief Operating Officer for MeshImpact LLC for the period between July 2016 and December 2018, overseeing financial and strategic planning for the consulting firm providing data analytics and machine learning solutions. Earlier in her career, Ms. Hua worked for CornerStone Parnters LLC for 8 years from 2008 to 2016 where she managed private equity and real assets portfolios of over 3 billion US dollars for 12 non-profit clients. Ms. Hua started her investment career at UVIMCO, the organization that manages the University of Virginia’s $14.5 billion endowment, from 2004 to 2008. Ms. Hua received her MBA from the University of Texas at Austin in 2003, and a B.A. in Economics from Shanghai University of Finance & Economics in 1997. She has been a CFA charter holder since 2004.
James C. Hardin
Independent Director
Chairman of the audit committee
Mr. Hardin has 20 years of experience in direct investments, co-investments, and fund investments in multiple private and public asset classes, sectors, and countries. He has particular investing experience in healthcare, fintech (bank software, payments), and community banks. He is currently an investment banker affiliated with Deer Isle Group, LLC and The Sponsor Fund Partners LLC. On the advisory side through Deer Isle Group, LLC, Mr. Hardin works with clients as a fractional general partner — which is similar to a fractional strategic CFO role — where he provides senior bandwidth to private equity general partners to support transaction execution and capital raising. Prior to partnering with Deer Isle, Mr. Hardin founded a technology-enabled service company for the lower middle market private equity ecosystem between 2014 and 2020, led private equity investing at full-service outsourced investment firm and Duke University-spinout Global Endowment Management (now $12B AUM) between 2009 and 2013, acquired and exited a point of sale payments company between 2009 and 2017, and co-managed a healthcare portfolio at the multi-strategy hedge fund Farallon Capital Management/Noonday (now $35B AUM) between 2004 and 2008. Mr. Hardin has also been a director of Affirmative Technologies, a provider of electronic payment risk management and fraud detection software, since 2018. Mr. Hardin has also been the President of Fund Investor Toolkit, LLC, a consulting service, since 2014. Mr. Hardin graduated cum laude in Economics (AB) from Harvard College.
Edmund R. Miller
Independent Director
Mr. Miller is a Senior Managing Director of Pan American Finance, LLC, an investment advisory firm where he has held this position since 2012. He has extensive private equity investment, fundraising and Telecommunication, Media, & Technology (TMT) experience. From 2002 to 2011, he was the Managing Director at Parmenter Realty Partners where he was in charge of all aspects of documenting and raising their second, third, and fourth institutional funds. Earlier in his career, from 1984 to 1996, Mr. Miller was co-manager of the largest Caribbean Basin and Latin American coverage team for Goldman Sachs, based in Miami. From 1996 to 1999, he managed a high yield fund for a large Latin American bank, managed a hedge fund, and was a founder and led the initial investment round in Answerthink (now known as The Hackett Group, NASDAQ: HCKT), an information technology consulting company. Mr. Miller was the co-founder of Interprise Technology Partners, a $110 million technology venture fund which made seven lead investments between 1999 and 2002. Prior to joining Goldman Sachs in 1984, Mr. Miller worked for Price Waterhouse in New York City in international tax for 4 years. He is a graduate of the University of Florida Warrington College of Business and the Levin College of Law. Mr. Miller was previously certified as a CPA and was a member of the New York Bar.
Andrew Pierce
Independent Director
Chairman of the compensation committee
Mr. Pierce has more than a decade of experience in everything from data center auditing and IT support, to building world-class software and leading teams of engineers. Since 2014, Mr. Pierce has led the Platform Applications team for BlackSky Technology Inc. (NYSE: BKSY), a leading provider of real-time geospatial intelligence and global monitoring services, and has helped grow it from a $1M ARR startup into a publicly-traded powerhouse valued at over $1B on opening day. Prior to BlackSky, Mr. Pierce served as the Engineering Manager of Thermopylae Science and Technology’s iSpatial platform. He is also the founder and owner of Banana Stand Technologies, Inc., a company engaged in “web3” consulting services. From 2009 to 2010, he was on the team that built FederalReporting.gov, the system responsible for tracking the American Recovery and Reinvestment Act (ARRA) stimulus spending. He graduated with a B.S. in Computer Science and a B.A. in Japanese Studies from the College of William and Mary in 2009, and has spent time abroad living and working in Japan.
TEAM
Investor Contact Information
Acri Capital Acquisition Corp.
Add:
13284 Pond Springs Rd, Ste 405, Austin, Texas 78729
Tel:
512-666-1277
© 2022 Acri Capital Acquisition Corp. All Rights Reserved.
Acri Capital Acquisition Corp.
Acri Capital Acquisition Corp. Announces the Separate Trading of its Class A Common Stock Shares and Warrants,
Commencing August 1, 2022
July 27, 2022
Acri Capital Acquisition Corporation (NASDAQ: ACACU) (the “Company”), a newly organized blank check company incorporated as a Delaware business company and led by Chief Executive Officer and Chairwoman “Joy” Yi Hua, today announced that commencing on August 1, 2022, holders of the units sold in the Company’s initial public offering may elect to separately trade the Company’s Class A Common Stock shares, and warrants included in the units. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. The Class A Common Stock shares and warrants that are separated will trade on The Nasdaq Global Market (“NASDAQ”) under the symbols “ACAC” and “ACACU.” Those units not separated will continue to trade on NASDAQ under the symbol “ACACU.” Holders of units will need to have their brokers contact Vstock Transfer, LLC, the Company's transfer agent, in order to separate the units into Class A Common Stock shares and warrants. The units began trading on NASDAQ under the ticker symbol “ACACU” on June 10, 2022. The offering was made only by means of a prospectus. Copies of the prospectus relating to this offering may be obtained by accessing the SEC’s website, www.sec.gov.
Acri Capital Acquisition Corp. Announces Closing of Initial Public Offering and Exercise of Full Over-Allotment Option
June 14, 2022
Acri Capital Acquisition Corporation (the “Company”), a newly organized blank check company incorporated as a Delaware corporation and led by Chairwoman and Chief Executive Officer, “Joy” Yi Hua, today announced the closing of its initial public offering (the “Offering”) of 8,625,000 units at an offering price of $10.00 per unit, which includes 1,125,000 units issued pursuant to the exercise of the underwriter’s over-allotment option, for aggregate gross proceeds to the Company of $86,250,000. Each unit consists of one share of Class A common stock and one-half of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one share of Class A common stock. The exercise price of the warrants is $11.50 per full share. The units began trading on the Nasdaq Global Market (“Nasdaq”) under the ticker symbol “ACACU” on June 10, 2022. Once the securities comprising the units begin separate trading, Class A common stock and warrants are expected to be traded on Nasdaq under the symbols “ACAC” and “ACACU,” respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will be traded.
EF Hutton, division of Benchmark Investments, LLC acts as the sole book-running manager and the representative of the underwriters for the Offering.
A registration statement on Form S-1 (File No. 333-263477) relating to the securities sold in the Offering was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on June 9, 2022.
Acri Capital Acquisition Corp. Announces Pricing of $75 Million Initial Public Offering
June 09, 2022
Acri Capital Acquisition Corporation (the “Company”), a newly organized blank check company incorporated as a Delaware corporation, today announced the pricing of its initial public offering of 7,500,000 units at an offering price of $10.00 per unit, with each unit consisting of one share of Class A common stock and one-half of one redeemable warrant. Each whole warrant will entitle the holder thereof to purchase one share of Class A common stock. The exercise price of the warrants is $11.50 per full share. The units are expected to trade on the Nasdaq Global Market (“Nasdaq”) under the ticker symbol “ACACU” beginning on June 10, 2022. Once the securities comprising the units begin separate trading, Class A common stock and warrants will be traded on Nasdaq under the symbols “ACAC,” and “ACACU,” respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will be traded. The offering is expected to close on June 14, 2022, subject to customary closing conditions.
EF Hutton, division of Benchmark Investments, LLC, is acting as sole book-running manager and the representative of the underwriters for the offering. The Company has granted the underwriters a 45-day option to purchase up to 1,125,000 additional units at the initial public offering price to cover over-allotments, if any.
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