Cain International Weighs Raising $250 Million for First SPAC

Cain International is exploring raising about $250 million for its debut special purpose acquisition company, according to people with knowledge of the matter.

The investment firm, led by Jonathan Goldstein, is set to pursue a New York listing for the blank-check company, said the people, who asked not to be named because the information is private. Terms aren’t finalized and could still change.