U.S. blank check company Schultze Special Purpose Acquisition has registered with the Securities and Exchange Commission for a $150 million initial public offering.

The company intends to secure $150 million by offering 15 million units at a price of $10.

At that price, Schultze Acquisition would command a market value of $188 million. Each unit consists of one share of common stock and one warrant exercisable $11.50.

U.S. investment banking and financial advisory services EarlyBirdCapital and brokerage and fund services firm BTIG are the joint bookrunners on the deal.