Houmu Holdings Ltd (HOMU)

[the submariner]

XMET's share structure is not "wildly bloated" as your post refers..in fact the float and OS is very low with much room for upside..XMET meets and IS the epitome of a SPAC:

[A special purpose acquisition company, also known as a "blank check company" is a shell corporation listed on a stock exchange with the purpose of acquiring a private company, thus making it public without going through the traditional initial public offering process. Wikipedia]