Special-purpose acquisition companies, or SPACs, are publicly traded companies that raise money for potential acquisitions and have become a popular tool among well-known executives. Many sports and entertainment figures have backed SPACs, including tennis star Serena Williams, basketball Hall of Famer Shaquille O’Neal, National Basketball Association standout Kevin Durant and former Major League Baseball star Alex Rodriguez.

The management team is led by Chairman

Jon Voigtman,

a financial-services and investment executive, and Chief Executive

Andrew White,

a sports entrepreneur and chairman of leAD Sports Ltd.

After the initial public offering, the two, along with Chief Financial Officer

Christopher Hubman

would retain a roughly 19.5% stake in the SPAC through the sponsor.

Mr. Hubman has been the chief financial officer of TGR, Tiger Woods Ventures since 2000. TGR handles Mr. Woods’s professional endeavors and his family-office functions.

The company intends to complete its first deal in about 18 months and sell about 15 million units at $10 apiece, with each unit consisting of a Class A share and half of a warrant.

The SPAC’s sponsor, LeAD Sports & Health Tech Sponsor LLC, agreed to buy about 9.5 million warrants for $1 apiece in a private placement that would close at the same time as the offering, according to the documents.

New investors would initially have limited say as they wouldn’t be able to vote on the appointment of directors until the initial business combination is completed, and that initial deal might not be presented to new investors for approval.

The company seeks to trade on the Nasdaq Capital Market, with units to trade under the symbol LDSPU, Class A shares under LDSP and warrants under LDSPW.

Write to Maria Armental at maria.armental@wsj.com