Consumer packaged goods holding company Post Holdings registered a new blan-check company with the SEC to offer 40 million units at $10 each.
The new SPAC, Post Holdings Partnering Corporation, is led by Robert Vitale, who has been the president and CEO of Post, and a member of the Post board since 2014.
The SPAC in the S-1 filing said it intends to partner with a company in the consumer products industry that complements the experience and expertise of Post’s management team and is a business to which Post’s management believes it can add value.
Among a variety of packaged food products, Post breakfast cereals include Raisin Bran, Grape Nuts and Fruity Pebbles.
Post plans a listing on the NYSE but has not yet selected a ticker symbol. Read more.
