North Atlantic Acquisition filed with the SEC to offer 30 million units at $10 each to raise $300 million in an IPO.
The new SPAC is focused on targets that operate in Europe in the consumer, industrials and telecommunications sectors.
North Atlantic Acquisition is led by Chairman Andrew Morgan, whose 27-year career at Diageo, one of the largest alcoholic beverage companies in the world, included managing the acquisition of global brands. He held a lead role in the acquisition and global integration of The Seagram Company by Diageo and Pernod Ricard for $8.15 billion in 2001.
The SPAC plans to list on the Nasdaq under NAACU. Read more.
