Duddell Street Acquisition Corp. (NASDAQ: DSACU)
A $175 million blank check company pursuing a business combination target in any business or industry, we intend to focus on global companies in telecom, media and technology (“TMT”), healthcare, fintech and consumer sectors with compelling Asian growth potential.
Duddell Street Acquisition Corporation (NASDAQ: DSACU) is a newly incorporated blank check company incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any specific business combination target and we have not, nor has anyone on our behalf, engaged in any substantive discussions, directly or indirectly, with any business combination target with respect to an initial business combination with us.
While we may pursue a business combination target in any business or industry, we intend to focus on global companies in telecom, media and technology (“TMT”), healthcare, fintech and consumer sectors with compelling Asian growth potential. We believe our management team and directors have the relevant skills and experience to identify companies that can best capture current market opportunities.
Maso Capital, which owns our sponsor and is our affiliate, is a leading Hong Kong-based multi strategy investment manager. Maso Capital manages funds for prominent financial institutions, sovereign wealth funds, pension plans, endowments, corporations and family offices around the world. Maso Capital employs a team of 13 people with multiple decades of experience across public markets, private investing and mergers and acquisitions. Maso Capital principals have had a continuous local presence on the ground in Asia since 2005. Maso Capital seeks to create long-term value for its portfolio companies by identifying areas of undervaluation and working with management teams and stakeholders to realize that value. These changes can include operating improvements through to financing and capital structure enhancements and mergers and acquisitions.
Since inception, Maso Capital has invested in more than one thousand companies and situations across multiple sectors and geographies. Leveraging its stature and reputation in Hong Kong and its experienced investment team, Maso Capital has had investments in a number of TMT, healthcare, fintech and consumer companies in the region.
We believe Maso Capital’s track record in TMT, healthcare, fintech and consumer sectors, together with its extensive network of corporate and banking relationships, brand name, and deep understanding of capital markets give us a significant advantage in identifying strong investment opportunities in our target sectors.
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