Brand Velocity Acquisition filed with the SEC to offer 20 million units at $10 per unit. Each consists of one Class A ordinary share and one-third of one redeemable warrant; whole warrants exercisable for a share at $11.50.
The new SPAC in the filing said it will target branded consumer-facing businesses in North America.
Brand Velocity is led by CEO and Chairman Steve Lebowitz. Previously, from 2002 to 2019, he was a co-founder and managing partner of Topspin Partners, a lower-middle market private equity fund focused on the consumer sectors.
The SPAC has not yet selected a market for a listing nor a ticker symbol. Read more.
