A Chinese executive-led special purpose acquisition company (SPAC), Creative Future Acquisition, filed an application with the U.S. Securities and Exchange Commission (SEC) on Monday, seeking to raise up to $60 million through an initial public offering. The company plans to offer 6 million units at $10 per unit, raising $60 million. Each unit consists of one share of common stock and a warrant to purchase one-tenth of a share of common stock.

The SPAC is led by Chief Executive Officer and Chairman Zhiru Lin, who currently serves as Chairman of Yeliya Health Technology. The Chief Financial Officer position is held by Xingyu Dan, who currently serves as CFO of Zhejiang Tengshi Intelligent Driving Technology.

The SPAC plans to target middle-market companies, businesses led by experienced management teams, enterprises with revenue and earnings growth potential, and companies with strong free cash flow potential. The company was established in 2025 and plans to list on NASDAQ under the ticker symbol CFACU. Craft Capital Management serves as the sole bookrunner for this transaction.