Kew Media Group keeps its SPAC hopes alive: files second new prospectus

, Crisis

f Kew Media is able to raise the $70 million of equity capital, then it will join the other five successful SPACs to have raised capital.

The Kew Media Group is determined to become the sixth member of a rather select group, those that have filed documentation to raise capital for a special purpose acquisition company — and have been successful in receiving support from investors.

This week the issuer filed a new prospectus for a $70 million offering of Class A Restricted Voting Units with each unit consisting of a share plus half a share purchase warrant. Each unit will be priced at $10.

TD Securities, Cantor Fitzgerald & Co. and National Bank Financial are in charge of rounding up the buyers.

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