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Private equity firm's consumer SPAC Authentic Equity Acquisition files for a $200 million IPO

Dec 22, 2020 - Nasdaq
Mergers and Acquisitions

Authentic Equity Acquisition, a blank check company formed by Authentic Equity targeting a North American consumer business, filed on Tuesday with the SEC to raise up to $200 million in an initial public offering.

The Rye, NY-based company plans to raise $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50. The company may raise additional funds at the closing of an acquisition pursuant to a forwa...