Gravity Acquisition has filed with the U.S. Securities and Exchange Commission to raise up to $250 million through an initial public offering on the Nasdaq. The special purpose acquisition company plans to pursue business combination opportunities across North America, Europe, and Asia, targeting companies with strong long-term growth potential. The management team is led by executives with experience in fintech, renewable energy, and investment management, while Maxim Group LLC will serve as the sole bookrunner.
Gravity Acquisition Seeks $250 Million Through Nasdaq IPO
Gravity Acquisition, a newly formed special purpose acquisition company (SPAC), has filed with the U.S. Securities and Exchange Commission to raise up to $250 million in an initial public offering.
The company plans to offer 25 million units priced at $10 per unit. Each unit will consist of one share of common stock and one right to receive one-third of a common share upon the completion of an initial business combination.
The SPAC intends to trade on the Nasdaq under the ticker symbol GVACU after completing its offering.
Global Acquisition Strategy Across Three Major Regions
Unlike many SPACs that focus on a single sector or geographic region, Gravity Acquisition has adopted a broad international mandate.
The company plans to pursue acquisition opportunities across North America, Europe, and Asia, giving management flexibility to identify businesses that could benefit from access to U.S. public capital markets.
Management has not disclosed a preferred industry focus, instead emphasizing its intention to evaluate companies capable of generating attractive long-term shareholder value through a business combination.
Experienced Leadership Team
Gravity Acquisition is led by Chief Executive Officer and Director Iris Zhao, who serves as Chief Investment Officer of Future Fintech Group (Nasdaq: FTFT).
She is joined by Chief Financial Officer Dan Song, CFO of AP Power Corp Renewable Energy, and Chairman Ailong Xie, Chairman and CEO of Joint Fortune Capital.
The management team’s backgrounds span investment management, financial services, and renewable energy, providing experience across multiple industries that could support future acquisition opportunities.
IPO Structure and Listing Details
Gravity Acquisition is headquartered in City of Industry, California, and was founded in 2026.
The company previously submitted its registration confidentially with the SEC on March 24, 2026, before publicly filing for the offering.
Maxim Group LLC will act as the sole bookrunner for the transaction as the company prepares for its Nasdaq debut.
SPAC Market Shows Signs of Renewed Activity
Gravity Acquisition joins a growing pipeline of SPAC issuers returning to the U.S. public markets following a prolonged slowdown in blank-check offerings.
Recent filings indicate renewed sponsor interest across industries including financial technology, digital assets, infrastructure, healthcare, artificial intelligence, and global industrial businesses. While investor scrutiny remains significantly higher than during the SPAC boom of 2020 and 2021, sponsors continue to pursue opportunities where experienced management teams and differentiated acquisition strategies may attract institutional capital.
Outlook
Gravity Acquisition enters the market with a sizable $250 million fundraising target and a flexible international acquisition strategy spanning North America, Europe, and Asia. Its experienced leadership team and broad geographic mandate provide the SPAC with the ability to evaluate opportunities across multiple industries and regions. As the U.S. IPO and SPAC markets continue to gradually reopen, investors will closely monitor Gravity Acquisition’s fundraising progress and its eventual search for a business combination capable of delivering long-term value.
