King of SPACs Strikes Again: Raising $250 million to Establish a SPAC Targeting Energy, AI, Cryptocurrency and National Defense

According to the Financial Information APP, venture capitalist Chamath Palihapitiya has submitted an application to launch a special purpose acquisition company (SPAC) named "American Exceptionalism Acquisition Corp." with plans to raise $250 million through an initial public offering (IPO). The funds raised are expected to be used for acquiring companies in the energy production, artificial intelligence, cryptocurrency, and national defense sectors. The IPO price for this SPAC is set at $10 per share, with plans to list on the New York Stock Exchange.