Seattle Coffee Company's John F.W. Hunt Sponsors SPAC

Overture Acquisition (NLX.U) is a SPAC sponsored by John F.W. Hunt, founder or co-founder of six different companies including Oriel LLC and The Seattle Coffee Company.

All quotations are from the company's most recent S-1 filings with links provided.

Business Overview (from prospectus)

Overture Acquisition Corp. is a newly organized blank check company formed in the Cayman Islands for the purpose of effecting a merger, share capital exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more operating businesses, which we refer to as the initial business combination. If we are unable to consummate an initial business combination within 24 months from the date of this prospectus, we will liquidate and distribute the proceeds held in the trust account to our public shareholders. To date, our efforts have been limited to organizational activities as well as activities related to this offering. We do not have any specific initial business combination under consideration. We have not, nor has anyone on our behalf, contacted any prospective target business or had any substantive discussions, formal or otherwise, with respect to such a transaction.

Offering: 15 million shares at $10.00 per share. Net proceeds of approximately $149.9 million will be will be placed in a trust account at JPMorgan Chase Bank with American Stock Transfer & Trust Company, as trustee. The proceeds held in trust will not be released from the trust account until the earlier of the completion of an initial business combination or the company's liquidation.

Lead Underwriters: J.P. Morgan, Lazard

Financial Highlights:

We have neither engaged in any operations nor generated any revenues to date. Our only activities since inception have been organizational activities and those necessary to prepare for this offering and the private placement of the sponsors’ warrants that will occur immediately prior to this offering. Following this offering, we will not generate any operating revenues until after the completion of our initial business combination, at the earliest. We will generate non-operating income in the form of interest income on cash and cash equivalents after this offering. After this offering, we expect to incur increased expenses as a result of being a public company (for legal, financial reporting, accounting and auditing compliance), as well as for due diligence expenses.

Our efforts in identifying a prospective target business will not be limited to a particular industry or geography, although we initially intend to leverage the respective industry knowledge, operating experience and relationships of our officers, directors and special advisors in a range of luxury and lifestyle sectors. We will seek to capitalize on the global network and combination of operating, private investing and transactional experience of our officers, directors and special advisors.