LARS
Industry:
Capital Markets

DESCRIPTION

Laris Growth Acquisition is a special purpose acquisition company with no commercial operations. Laris raises capital from public investors to identify, acquire, and take public a private operating business. The company focuses its search on high-growth deep-tech companies across three core sectors: quantum computing and advanced computing infrastructure, next-generation space and frontier infrastructure, and intelligent autonomous systems, such as robotics and autonomous vehicles. Geographically, Laris targets businesses in Europe, Australia, New Zealand, and the United States, specifically seeking deep-tech companies that need capital to transition between venture backing and public market scale. Laris operates on a business model where its sponsor and management team realize returns through founder shares that convert into equity upon the successful completion of an acquisition. Public investors hold shares backed by funds held in trust, retaining the right to redeem their investment if they choose not to participate in the final business combination.

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