(Reuters) – FTAC Emerald Acquisition Corp, a particular function acquisition firm (SPAC) backed by banking and fintech entrepreneur Betsy Cohen, mentioned on Monday it plans to boost as much as $220 million via an preliminary public providing in america.

The blank-check firm, recognized earlier as Emerald ESG Acquisition Corp, is providing 22 million items at $10 every, it mentioned in a submitting.

Cohen-backed SPACs have clinched a number of offers to take firms public over the previous few years, together with ones with boutique funding financial institution Perella Weinberg Companions and funds supplier Payoneer.

Since SPACs turned Wall Road’s hottest funding development over the previous 18 months, Cohen has emerged as one of many greatest names within the enterprise of blank-check offers, alongside the likes of Chamath Palihapitiya and Michael Klein.

She’s going to chair FTAC Emerald’s board, based on Monday’s submitting. Cohen additionally has an identical function in 9 different blank-check corporations, 5 of which have accomplished their mergers and two have introduced their offers.

Emerald ESG Sponsor, a agency managed by Cohen and a backer of FTAC Emerald, has dedicated to purchase 890,000 items at $10 every in a non-public placement, the SPAC mentioned within the submitting.

SPACs are publicly traded shell firms with a pool of capital that merge with unlisted firms to take them public.

FTAC Emerald mentioned it will goal firms in sectors akin to renewable power, water sustainability, agricultural know-how, shared economic system software program or next-generation mobility.

Goldman Sachs (NYSE:) is the only real underwriter for the providing.