Compute AI Acquisition Files for IPO

Dow Jones05:46

Compute AI Acquisition filed for an initial public offering.

The special-purpose acquisition company plans to offer 7.5 million units for $10 apiece. Each unit consists of one Class A share, one redeemable warrant and one right to receive half a share once the company acquires a business.

Compute AI Acquisition plans to focus on the AI sector when looking for a company to acquire. That includes businesses developing AI technology, enabling AI infrastructure or creating products and services powered by AI.

The company plans to trade shares on Nasdaq under the ticker AICP.

John-Paul Backwell is chief executive and chairman. He has been a director of Fusion Fuel Green since 2024, serving as chief executive of the clean-energy tech company until April.

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