Saturday, May 31, 2025

Latest

Consumer Goods SPAC Conyers Park III Acquisition Seeks To Raise US$350 Million In IPO

Special purpose acquisition company Conyers Park III Acquisition Corp. (Nasdaq: CPAAU) went public on Nasdaq Capital Market today. The firm is looking to raise US$350.0 million through its initial public offering.

The offering consists of 35.0 million units priced at US$10.00 per unit. Each unit is composed of one Class A common share and one-third of a purchase warrant. Each whole warrant is redeemable for one common share at US$11.50 per share.

The company units trade on the Nasdaq big board under the symbol “CPAAU”. Once the securities separate, the company shares and warrants will trade under the ticker symbols “CPAA” and “CPAAW”, respectively.

The proposed offering is being managed by Deutsche Bank Securities Inc., Goldman Sachs & Co., and J.P. Morgan Securities as underwriters, which the company granted a 45-day over-allotment option to purchase additional 5.25 million company units.

The offering is expected to close on August 12, 2021, subject to customary closing conditions.

The company relayed its intention to transact with firms in the consumer sector.

This is the third blank-check company formed by Conyers Park. The first formed The Simply Good Foods Company (Nasdaq: SMPL) after a reverse merger with Atkins Nutritionals in 2017 while the second became Advantage Solutions (Nasdaq: ADV) through a reverse merger transaction that valued the enterprise at US$5.2 billion.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

Alamos Gold Q1 Earnings: The Inside Scoop

Cerrado Gold Q4 Earnings: The Turnaround is Working

B2GOLD Q1 Earnings: Revenue Up, Production & Cash Flow Decline

Recommended

Canadian Copper: The $172M Combined Strategy PEA

ESGold Begins Concentration Tests Ahead Of First Production

Related News

Smart Home Firm Snap One Launches US$291 Million IPO

Smart home integration firm Snap One Holdings announced today the launch of its initial public...

Monday, July 19, 2021, 11:23:00 AM

PropTech SPAC Jaguar Global Growth Prices US$200 Million IPO

Special purpose acquisition company Jaguar Global Growth Corporation I (Nasdaq: JGGCU) started trading on the...

Monday, February 14, 2022, 02:12:00 PM

Geospatial Firm Satellogic Closes SPAC Merger, Ex-US Treasury Secretary Steven Mnuchin To Join The Board

Geospatial company Satellogic Inc. (Nasdaq: SATL) is set to make its Nasdaq debut today following...

Wednesday, January 26, 2022, 02:18:00 PM

Internet Business SPAC Worldwide Webb Acquisition Prices US$200 Million IPO

Special purpose acquisition company Worldwide Webb Acquisition Corp. (Nasdaq: WWAC.U) started trading publicly on the...

Wednesday, October 20, 2021, 02:26:00 PM

Cerebras Files for $1 Billion IPO, Poised to Battle NVIDIA in AI Tech Race

Cerebras Systems Inc., a California-based startup known for its high-performance AI chips, has formally filed...

Tuesday, October 1, 2024, 11:35:00 AM