Bookmarks Acquisition Corporation (NASDAQ: BMOK) is a blank-check special purpose acquisition company formed to identify and complete a business combination with one or more target businesses, with a stated focus on Southeast Asia. The company raises capital through an initial public offering, depositing proceeds into a trust account held at Citibank N.A. and maintained by Odyssey Transfer and Trust Company, and generates no operating revenue prior to completing an acquisition. As of December 31, 2025, BMOK held $25,000 in cash, carried a working capital deficit of $653,189, and had an accumulated deficit of $88,188, with management disclosing substantial doubt about its ability to continue as a going concern. The sponsor is BM Global Capital, a Cayman Islands exempted company, which purchased 1,725,000 insider shares for $25,000 in aggregate (approximately $0.014 per share) on May 28, 2025. The IPO trust account is sized at $60,000,000, or $69,000,000 if the underwriters' over-allotment option is exercised in full, at $10.00 per unit.

Revenue model

No operating revenue as of December 31, 2025. The company is a pre-combination SPAC. Capital is raised via IPO and sale of private units to the sponsor at $10.00 per unit. Interest earned on trust account funds may be released to pay tax obligations. All substantive revenue generation is deferred until completion of an initial business combination.

Products and services

Blank-check acquisition vehicle structured as a SPAC. Offers target businesses an alternative path to public markets through a merger or business combination. No products or commercial services as of the filing date.

Customers and end markets

Target end market is Southeast Asia, described in the filing as an eleven-economy region including Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Timor-Leste, Thailand, and Vietnam. No specific customer base exists prior to an initial business combination.

Value-chain role

Pre-combination acquisition vehicle. Sources, evaluates, and structures mergers or business combinations with private target companies seeking a public listing. The company itself has no operational role in any industry value chain as of the filing date.

Geographic exposure

Incorporated in the United States. Trust account held at a United States-based institution. Target acquisition focus stated as Southeast Asia.

Source: SEC 10-K, filed 2026-03-16

Industry: Blank Checks