SECsense Logo

Bowen Acquisition Corp's 8-K Filing: Key Insights on SPAC Structure and Future Plans

$BOWN
Form 8-K
Filed on: 2025-01-13
Source
Bowen Acquisition Corp's 8-K Filing: Key Insights on SPAC Structure and Future Plans

Here’s a summary of the key information extracted from the provided section of the financial report for Bowen Acquisition Corp:

Company Information:

  • Entity Name: Bowen Acquisition Corp
  • CIK: 0001973056
  • Address: 420 Lexington Ave Suite 2446, New York, NY 10170
  • Phone Number: (203) 998-5540

Filing Information:

  • Filing Type: 8-K
  • Filing Date: January 13, 2025
  • SEC File Number: 001-41741

Financial Instruments:

  1. Units:
  • Each unit consists of:
    • One ordinary share
    • One right
  • NASDAQ Symbol: BOWNU
  1. Ordinary Shares:
  • Par value: $0.0001 per share
  • NASDAQ Symbol: BOWN
  1. Rights:
  • Each right entitles the holder to one-tenth of one ordinary share upon the completion of the company’s initial business combination.
  • NASDAQ Symbol: BOWNR

Contextual Information:

  • Reporting Period: January 13, 2025
  • Context IDs:
  • As of date: "AsOf2025-01-13"
  • Custom Units: "From2025-01-132025-01-13_custom_UnitsEachConsistingOfOneOrdinaryShareAndOneRightMember"
  • Custom Ordinary Shares: "From2025-01-132025-01-13_custom_OrdinarySharesParValue0.0001PerShareMember"
  • Custom Rights: "From2025-01-132025-01-13_custom_RightsEachEntitlingHolderToOnetenthOfOneOrdinaryShareUponCompletionOfCompanysInitialBusinessCombinationMember"

Units and Measures:

  • Measurement Units:
  • Currency: USD (United States Dollar)
  • Shares: Defined as both the number of shares and their value in USD.

Insights:

  • The filing indicates Bowen Acquisition Corp is preparing for an initial business combination, which may point to an upcoming merger or acquisition.
  • The structure of the investment units suggests a typical SPAC (Special Purpose Acquisition Company) format, which combines ordinary shares with rights to incentivize investors.
  • The par value of the ordinary shares is very low, which is common in SPACs as they aim to attract a broad base of investors.

This summary encapsulates the essential details and strategic implications of the SEC filing, providing a snapshot of the company's current financial structure and objectives.