Able Brands registered with the SEC to raise $225 million through an offer of 25 million units at $10 each. A unit will consist of one Class A ordinary share and one-third of one redeemable warrant; whole warrants exercisable at $11.50.
The new SPAC will focus on next-generation consumer brands that bridge “The Wellness Gap” — that divide between GDP per capita growth and overall physical and mental wellbeing.
Able Brands is led by Chairwo,man and Director Lisa Blau, a founding partner of Able Partners at its inception in 2016. In 2006 Blau co-founded VitalJuice.com, a daily email newsletter on healthy living tips and trends that was acquired by Tasting Table. In 2004, she also helped build and launch Portero, an online luxury goods auction platform sold to Richemont.
The SPAC intends to apply for a Nasdaq listing under ABCOU. Read more.
