Chinese-funded SPAC Creative Future (CFACU.US) is applying for listing on the US stock market, hoping to raise 60 million US dollars.

The blank check company (SPAC) Creative Future Acquisition, led by senior executives from China, filed an application with the US Securities and Exchange Commission (SEC) on Monday, planning to raise up to $60 million through an IPO. The company plans to issue 6 million units at a price of $10 per unit, raising $60 million. Each unit consists of one common stock and a right to receive one-tenth of a common stock. This SPAC is led by CEO and Chairman Zhiru Lin, who currently serves as Chairman of Yeliya Health Technology; CFO Xingyu Dan, who currently serves as CFO of Zhejiang Tengshi Intelligent Driving Technology. The SPAC plans to acquire target companies in the mid-market segment, led by experienced management teams, with revenue and profit growth potential, and strong free cash flow potential. Established in 2025, the company plans to list on Nasdaq with the stock code CFACU. Craft Capital Management is the sole book-running manager for this transaction.