Jason Ader launches new SPAC targeting gaming acquisitions
| By Daniel O'Boyle
26 Capital Acquisition Corp, a special purpose acquisition company (SPAC) founded by activist investor Jason Ader, will list on the Nasdaq today (15 January) following an initial public offering.
![esports entertainment group](https://igamingbusiness.com/img-srv/5mzwlqzz7qEI6f7yLBZgP44Uj_Tt5iI_NVIF_YR5oU0/resizing_type:auto/width:0/height:0/gravity:sm/enlarge:1/ext:webp/strip_metadata:1/quality:90/bG9jYWw6Ly8vaWdhbWluZ2J1c2luZXNzLmNvbS93cC1jb250ZW50L3VwbG9hZHMvMjAyMC8xMC9OYXNkYXEuanBn.webp)
The company intends to purchase a privately held gaming, branded consumer, hospitality or e-commerce business, following an IPO to sell 24m units at $10.00 apiece.
Ader will serve as 26 Capital Acquisition Corp’s chief executive, while John Lewis – who is currently chief financial officer at Ader’s SpringOwl Asset Management business – will hold the same position with the SPAC.
SpringOwl has previously invested in a number of gaming businesses including Las Vegas Sands, IGT, Playtech and Bwin.Party before it was purchased by GVC, a deal in which Ader played a role.