KKR Acquisition Holdings I priced its upsized IPO of 120 million units at $10 each. The SPAc offered 20 million more units than expected.
Units start trading today on the NYSE under KAHC.U. Each consists of one share of Class A common stock and one-fourth of a redeemable warrant. Each whole warrant entitles the holder to purchase a share at $11.50. Once the securities comprising the units begin separate trading, stock and warrants will list under KAHC and KAHC WS, respectively.
KKR said it will work to identify, acquire and build a company in the consumer or retail industries. Read more.
