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Acon Investments' sustainability-focused SPAC prices $250M IPO

Sep 18, 2020 - SNL Financial
Mergers and Acquisitions

The offering is expected to close Sept. 21.

Acon Investments LLC's blank check company, Acon S2 Acquisition Corp., priced its IPO of 25.0 million units at $10.00 apiece, or $250 million in the aggregate.

Each unit comprises one class A common share and one-third of one redeemable warrant, with each whole warrant exercisable to acquire one class A common share at $11.50 apiece. Underwriters have a 45-day overallotment option to acquire up to 3,750,000 additional units.

An affili...