Special purpose acquisition company XFLH Capital (XFLHU.US) increases IPO size by 67%, aiming to raise $100 million.

Special Purpose Acquisition Company (SPAC) XFLH Capital raised the proposed deal size of its upcoming initial public offering (IPO) on Monday. The company currently plans to issue 10 million units at $10 per unit to raise $100 million (each unit consists of one common stock and the right to receive 1/7 common stock after completing a business combination). Previously, the company planned to issue 6 million units at the same price to raise $60 million. The company plans to list on Nasdaq under the ticker symbol "XFLHU". It is reported that the core management team of XFLH Capital is led by CEO and Director Yanzhe Yang, who is also the founder and CEO of Aroui Health Management. Also on the team is CFO Tianshi Yang, who previously served as Chief Strategic Officer at SunCar Technology Group (SDA.US) and CFO at TD Holdings. In terms of investment targets, the SPAC plans to focus on "growth companies" with specific criteria including company valuations between $200 million and $400 million, a strong management team, a track record of revenue and profit growth, and the ability to generate stable and sustained free cash flow.