Pearl Holdings Acquisition Corp. announced the pricing of its $175 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “PRLHU” Wednesday, December 15.
The new SPAC intends to focus its search for a target business in global consumer-focused industries, including companies that participate in the lifestyle, technology, healthcare, and wellness sectors. Pearl Holdings is led by CEO and Chairman Craig E. Barnett, Vice Chairman Terry Duddy, and CFO Martin F. Lewis.
Total SPAC deal count for 2021 year-to-date is now 598. This offering is expected to close on Friday, December 17.
Morgan Stanley is acting as sole book-running manager for the offering. Skadden, Arps, Slate, Meagher & Flom LLP is serving as Issuer’s Counsel with Simpson Thacher & Bartlett LLP serving as Underwriter’s Counsel. BDO USA, LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
Terms Tracker for the Week Ending November 29, 2024 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. This was a shortened holiday week, but SPACs still managed to put through a number of filings, which should usher in a busy first half...
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This holiday season is set to be an exciting one in the SPAC world as 10 sponsors and 11 de-SPAC’d companies can expect the gift of a lock-up expiration to mark it with. This makes it the busiest month for such activity in the second half of the year and at least a few parties...
At the SPAC of Dawn For Black Friday’s truncated trading session today, the broader action is likely to be focused on consumer stocks as investors gauge the scope of this year’s holiday spending surge. But, much of this will pass right by SPACs, because consumer has been a sector that has stymied teams more often...
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