50T Holdings is a Special Purpose Acquisition Company (SPAC) sponsored by 50T, a private equity firm focused on digital assets and blockchain. The SPAC completed its IPO in July 2025, raising $172.5M at $10 per unit, with proceeds held in a trust account. Its sole purpose is to identify and acquire a private company in the digital assets and blockchain space — effectively taking that company public without a traditional IPO. The SPAC targets companies with enterprise values above $1B, though criteria are flexible. The deal must close by July 2027, or the SPAC liquidates and returns trust proceeds to public shareholders. The sponsor benefits through founder shares — a block of shares acquired at nominal cost that converts to ordinary shares upon a successful deal. Public shareholders have downside protection, redeeming at approximately $10 per share if no deal closes. After a deferred underwriting fee of $8.2M payable at deal close, roughly $164M in net proceeds is available to fund a Business Combination, though the SPAC can also use equity, debt, or seller financing to pursue larger targets. As of the filing date, no acquisition target has been identified.