USHG Acquisition registered with the SEC to offer 25 million units at $10 each.
The new SPAC plans to target culture-driven businesses across a range of industries, including technology, e-Commerce, food and beverage, health and retail and consumer goods.
The SPAC’s sponsor is affiliated with USHG, an organization founded in 1985 by Chairman Danny Meyer. USHG was founded with the opening of Union Square Cafe and, in the years since then has created or operated more than 30 brands, including now publicly-traded Shake Shack, more than 20 restaurants and bars, and a catering and events, venue management and consulting business.
The SPAC plans to list on the NYSE under HUGSU. Read more.
