Special purpose acquisition company (SPAC) XFLH Capital increased the proposed size of its upcoming initial public offering (IPO) on Monday. The company now plans to offer 10 million units at $10 per share to raise $100 million, with each unit comprising one share of common stock and a right to receive one-seventh of a share upon the completion of a business combination. Previously, the company had intended to offer 6 million units at the same price to raise $60 million. The company plans to list on the Nasdaq under the ticker symbol "XFLHU".

The core management team of XFLH Capital is led by Chief Executive Officer and Director Yanzhe Yang, who is also the founder and CEO of Aroui Health Management. Joining him is Chief Financial Officer Tianshi Yang, who previously served as Chief Strategy Officer at SunCar Technology Group (SDA.US) and as CFO of TD Holdings. Regarding its investment focus, the SPAC plans to target "growth-oriented companies," with specific screening criteria including an enterprise valuation between $200 million and $400 million, a strong management team, a track record of revenue and profit growth, and the ability to generate stable and growing free cash flow.