Gate News, March 15 — A certain CEX-related Special Purpose Acquisition Company (SPAC) announced it has begun searching for potential acquisition targets, with the target company’s valuation possibly reaching up to $10 billion. The SPAC is extensively exploring crypto-native companies, including those in stablecoins, tokenization, DeFi, and payments. The SPAC previously completed a $345 million IPO and has two years to find an acquisition target. It stated that the $10 billion figure is only an approximate upper valuation limit, and the actual valuation of the target company could be closer to $2 billion. This range reflects the company’s desire to provide a pathway for small- and mid-cap companies to enter the public markets. Meanwhile, the CEX itself is also advancing its listing plans, having previously submitted registration documents confidentially to the U.S. Securities and Exchange Commission and completed approximately $800 million in funding last year, with a valuation of around $20 billion. The SPAC is also viewed as a strategic investment tool for the CEX, forming closer economic ties with the acquired company through equity holdings.
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