Leo Holdings V registered with the SEC to offer 25 million units at $10 each. A unit consists of one Class A ordinary share and one-fifth of one redeemable warrant, with whole warrants exercisable at $11.50.
The SPAC plans to target a business in the consumer sector.
Leo V is led by Chairman Ed Forst, who is also chairman, partner, and member of the investment committee at Lion Capital. Prior to that, Forst served as CEO of Cushman & Wakefield.
Leo V plans to list on the NYSE but has not yet selected a ticker symbol. Read more.
