Ventoux CCM Acquisition announced that the underwriters in its IPO exercised their over-allotment option in full and purchased 2,250,000 units at a price of $10 each, generating additional gross proceeds of $22.5 million.
The SPAC closed its $150 million IPO last week.
Focused on the hospitality industry, the SPAC is led by CEO and Chairman Edward Scheetz, founder and former CEO of Chelsea Hotels. Read more.
