Arowana Inc. (ARWA) is a blank check company formed to effect a business combination, with its annual report on Form 10-K filed in June 2016. Sponsored by Arowana Capital, an Australia-based value-oriented investment firm, the SPAC was focused on acquiring businesses in the industrial and business services sectors. Arowana Inc. completed its initial public offering in 2015 and remained in the acquisition search phase at the time of its annual filing. The vehicle represented Arowana Capital's entry into the U.S. public markets via the SPAC structure, applying the firm's operational and value-investing expertise to prospective targets. Sign up at SpacDesk for full filing history, sponsor profiles, and deal-status analytics on ARWA and hundreds of other SPACs.