Do It Again, a new SPAC targeting the restaurant sector, filed today with the SEC to offer 12.5 million units at $10 each.
The SPAC is led by CEO and Chairman Clifford Hudson, who spent more than two decades of his career, from 1995 to 2018, at Sonic Corp., which owns, operates and franchises more than 3,600 SONIC Drive-In restaurants. He was chairman and CEO of the company, leaving upon its $2.3 billion sale to Inspire Brands in December 2018. Hudson served as Chairman of the Board of Directors of the Securities Investor Protection Corporation (SIPC), a presidential appointment, from 1994 to 2001. He served as Trustee of the Ford Foundation (New York) from 2006 to 2017 and is a past Chair of the Board of the National Trust for Historic Preservation.
Do It Again plans to apply for a Nasdaq listing under DOITU. Read more.
