Wilco 63 Corporation (WLCOU) said Monday it has closed its initial public offering of 23 million units at $10.00 per unit, raising gross proceeds of $230 million, including the full exercise of the underwriters' over-allotment option.

The blank check company said all $230 million in proceeds have been placed in trust, the company said, adding that Wilco 63 intends to pursue acquisitions in technology-enabled businesses undergoing structural transformation driven by artificial intelligence, automation, robotics, and advanced analytics.

Each unit consists of one Class A ordinary share and one-half of a redeemable warrant exercisable at $11.50 per share. The units began trading on Nasdaq on June 18, the company said.