West Enclave Merger Corp. is offering 10,000,000 units for a total public offering price of $100,000,000. Each unit is $10.00 and consists of one ordinary share and one right to receive one-tenth of a share upon a business combination. Approximately $101,000,000 (or $116,150,000 if the underwriters’ over-allotment is exercised) will be deposited into a U.S.-based trust account at closing. Public shareholders may redeem their public shares for a pro rata portion of the trust account upon a business combination. The company has 21 months to complete a business combination before mandatory liquidation and redemption of public shares. The sponsor holds 3,833,333 founder shares purchased for $25,000 and agreed to purchase 300,000 private units; EarlyBirdCapital agreed to purchase 125,000 private units and to lend $250,000 at closing to top up the trust to $10.10 per unit.
West Enclave Merger Corp. director Alberto Fasja Cohen filed an initial Form 3 with the SEC, formally registering his status as an insider. The filing reports no stock purchases, sales, or other transactions and shows no securities holdings listed at this time.