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Albatross Acquisition Corp
ATACFiledAlbatross Acquisition Corp · Nasdaq Global Market · latest filing 2026-09-04
One-minute decisionBASIC RESEARCHSource completeness · 88%
IPO research
Albatross Acquisition Corp. is a pre-revenue Cayman Islands SPAC proposing a US$100 million IPO of units. The principal investor considerations are the absence of an identified target, substantial sponsor-related dilution and conflicts, a 12-month completion deadline, and significant potential future dilution.
The preliminary S-1/A proposes 10,000,000 units at US$10.00 per unit, with each unit comprising one ordinary share, one-quarter right and one warrant.
Capital destination
Awaiting verificationS-1/A · 2026-08-21
Share-type percentages are not net-proceeds percentages. Amounts retain their stated gross/net basis; do not add unlike bases.
Check the source · S-1/A ↗Capital destination
Awaiting verificationS-1/A · 2026-08-21
Share-type percentages are not net-proceeds percentages. Amounts retain their stated gross/net basis; do not add unlike bases.
Check the source · S-1/A ↗BOOKRUNNERS / LEAD UNDERWRITERSSole book-running manager
PRELIMINARY- 1Polaris Advisory Partners LLC, a division of Kingswood Capital Partners LLC——
Fully diluted valuation bridge
| Status | Reference |
|---|---|
| Awaiting verification | Source ↗ |
Basic-price scenario
A verified single offer price and basic post-offer share count are required. This is a data gap, not a paid lock.
Check the source · S-1/A ↗Holder data awaits verification
The sponsor owns founder shares purchased for US$25,000 and is expected to hold approximately 30% of ordinary shares immediately after the offering, excluding specified securities. Zihan Chen owns 100% of the sponsor; Jing Li is its sole director. · 2026-08-21
The sponsor owns founder shares purchased for US$25,000 and is expected to hold approximately 30% of ordinary shares immediately after the offering, excluding specified securities. Zihan Chen owns 100% of the sponsor; Jing Li is its sole director.
One disclosed holder; not a complete ownership distribution.Check the source · S-1/A ↗Conditional lock-up timeline
| Status | Reference |
|---|---|
| Awaiting verification | Source ↗ |
Financial quality and runway
| Status | Reference |
|---|---|
| Awaiting verification | Source ↗ |
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Management overlaps with other SPACs pursuing similarly sized targets, creating an expressly disclosed allocation conflict.
- Potential impact
- Awaiting verification
- Monitor
- SEC effectiveness and commencement of the proposed offering; the filing does not provide a fixed effectiveness or closing date.
- Evidence
- SUMMARY Risk Factors ↗