Euroseas chief files for $125 million SPAC IPO on Nasdaq

EuroSPAC Acquisition, a special purpose acquisition company headed by Euroseas chief executive Aristides Pittas, registered with the Securities and Exchange Commission on October 13, 2026 to sell as much as $125 million of stock, according to Renaissance Capital.

The offering is structured as 12.5 million units priced at $10 each. Buyers receive one common share plus a half warrant exercisable at $11.50 per share.

Pittas, who is chairman and chief executive of the SPAC, has run containership owner Euroseas for years and also leads its Nasdaq-listed spin-offs EuroDry and Euroholdings. Anastasios Aslidis, finance chief at Euroseas and EuroDry, serves as the blank check company's chief financial officer and a director.

The vehicle intends to buy a business supplying technology, equipment or services to shipping, transportation, energy transition or industrial customers, with an enterprise value in the range of $500 million to $2 billion.

The company was formed in 2026 and is based in Marousi, Greece. It has applied to list on Nasdaq and has not disclosed a ticker. Cohen & Company Securities is sole bookrunner.

This story was first reported by Renaissance Capital.