Meshflow Acquisition completes $345 million rights issue, plans to pursue mergers and acquisitions in the Web3 space.

According to Mars Finance, Meshflow Acquisition, a Nasdaq-listed special purpose acquisition company, announced the issuance of 34,500,000 units (each unit comprising Class A common stock and redeemable warrants) at a price of $10 each, raising a total of $345 million. The company will seek mergers, acquisitions, share swaps, asset acquisitions, share purchases, restructurings, or similar business consolidations in areas such as crypto infrastructure, decentralized coordination tools, Web3 middleware, asset tokenization, and decentralized finance infrastructure protocols.