8i Acquisition 2 Corp.
Completed 2022-11-17- CIK 1847846
- LAX
- Now EUDA
- IPO 2021-11-22
- $87M trust
- 244 filings
Successfully merged with EUDA Health Limited • Now trading as EUDA
- IPO Size
- $86.3M
- raised at the IPO
- Trust
- $87M
- as of 2022-10-31
- Current Status
- Completed
- from its latest filing
- IPO Year
- 2021
- year it listed
Filings, by quarter
244 filings over 22 quarters; violet bars carry a milestone
- 21 Q2: 8 filings
- 21 Q3: 14 filings
- 21 Q4: 22 filings
- 22 Q1: 9 filings
- 22 Q2: 8 filings
- 22 Q3: 15 filings
- 22 Q4: 33 filings
- 23 Q1: 9 filings
- 23 Q2: 16 filings
- 23 Q3: 13 filings
- 23 Q4: 1 filing
- 24 Q1: 5 filings
- 24 Q2: 8 filings
- 24 Q3: 3 filings
- 24 Q4: 8 filings
- 25 Q1: 1 filing
- 25 Q2: 5 filings
- 25 Q3: 15 filings
- 25 Q4: 17 filings
- 26 Q1: 14 filings
- 26 Q2: 10 filings
- 26 Q3: 10 filings
- S-1 filed 21 Q2
- IPO 21 Q4
- Definitive agreement 22 Q2
- Completed 22 Q4
SPAC Overview
Where it stands on the road from S-1 to merger
Timeline Progress
About
8i Acquisition 2 Corp. is a blank-check company seeking a business combination. It intends to prioritize opportunities in Asia excluding China, and seeks preferably cash-generative companies with enterprise values between $100 million and $500 million.
Geographic Focus
Asia (excluding China)
Key Information
As the filings state it
- IPO Date
- 2021-11-22
- Total Redemptions
- $60.8M
- Jurisdiction of Incorporation
- British Virgin Islands
- SIC
- 6770
- Completion Date
- 2022-11-17
- Merger Target
- EUDA Health Limited
- SPAC Ticker
- LAX
- Merged Ticker
- EUDA
Stock Performance
EUDATrading symbol, and its price at each step since the first trade
| Point | Date | Price | Move |
|---|---|---|---|
| First Trade | 2021-12-14 | $9.65 | |
| At Merger | 2022-11-22 | $3.18 | -67% |
| 6 Months Post-Merger | 2023-05-22 | $1.53 | -52% |
| 1 Year Post-Merger | 2023-11-21 | $1.12 | -65% |
| 2 Years Post-Merger | 2024-11-20 | $4.38 | +38% |
| Current Price | 2026-10-02 | $17.24 | +79% |
SPAC Team
The banks on its IPO, and the team as the filings describe it
Underwriters
Extended Team Information
The team is led by Meng Dong (James) Tan, a business builder and M&A executive with more than 20 years of experience in Asia, and Guan Hong (William) Yap, an investment professional with more than 20 years of sourcing and evaluating Asian investment targets. Both previously participated in 8i Enterprises Acquisition Corp., which completed a business combination with Diginex Ltd. in 2020.