TZP Strategies Acquisition announced the closing of its IPO of 28.75 million units at a price of $10 each, including the exercise in full by the underwriter of its overallotment option to purchase an additional 3.75 million units. Total gross proceeds from the offering were $287.5 million before deducting underwriting discounts and commissions and other offering expenses.
While the SPAC said it may pursue an initial business combination target in any business or industry, TZP is targeting companies in the technology and business services as well as consumer products and services industries. Read more.
