Ventoux CCM Closes $22.5M Over-Allotment Option

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.

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