- CEO
- Spyridon Bonatsos
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 31 Hudson Yards New York City NY United States of America 10005
- IPO Date
- Sep 27, 2021
- Business
- Zalatoris II Acquisition Corp. (ZLS) operates as a blank check company whose principal business activity involves effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company offers no current products or services beyond its SPAC structure, which facilitates public market access for target entities through strategic transactions; its units consist of one Class A ordinary share and one-third of a redeemable warrant. Incorporated in 2021 and headquartered in New York, New York, Zalatoris II initially targeted opportunities in Brazil before broadening its focus; it operates principally in the financial services sector with geographic emphasis on North America and potential international combinations. In July 2023, the company, formerly known as XPAC Acquisition Corp., underwent a sponsor handover to a new sponsor for $250,000, appointed a new board of directors including CEO Spyridon Bonatsos and CFO Henry Bruce, and changed its name via stockholder approval. It announced a definitive business combination agreement in December 2023 with Eco Modular, a sustainable modular building manufacturer, valuing the pro forma entity at a $600 million enterprise value assuming no redemptions and targeting a Q1 2024 close under ticker EMOD, though the transaction remains pending as of late 2025 amid multiple deadline extensions, Nasdaq compliance efforts including a June 2024 panel extension to meet public holder requirements, increased sponsor borrowing capacity to $5 million, and ongoing SEC filings for financial reporting delays due to funding and leadership changes.