(Bloomberg) — MAK Acquisition Corp., a blank-check company led by former Dye & Durham Ltd. executives, filed for a $100 million initial public offering, seeking to capitalize on investor interest in technology and defense-related deals.

The Toronto-based special purpose acquisition company, or SPAC, plans to sell 10 million units at $10 each, according to a preliminary prospectus filed Friday with Canadian regulators. The securities are expected to list on the Toronto Stock Exchange. 

Canaccord Genuity Corp. and CIBC Capital Markets are leading the IPO, with an option for underwriters to increase the size to $110 million. MAK will try to complete a qualifying acquisition within 15 months.

The vehicle is led by Matt Proud, former chief executive officer of Dye & Durham, and Avjit Kamboj, the software company’s former finance chief who also held the CFO role at Converge Technology Solutions Corp. They’re joined on the board by former Descartes Systems Group Inc. CEO Art Mesher and other executives with backgrounds in technology or corporate finance.

MAK is targeting acquisitions in sectors including tech-enabled services, space and defense, and prioritizing businesses with recurring revenues and low customer concentration, according to a statement. The SPAC may pursue a roll-up strategy by combining smaller firms or taking a single large company public.

Goodmans LLP is advising MAK, while Bennett Jones LLP is advising the underwriters.