Venice Brands Acquisition I registered with the SEC to offer 15 million units at $10 each. A unit consists of one share of Class A common stock and one-half of one redeemable warrant; whole warrants exercisable at $11.50.
Potential targets for the new SPAC include North American businesses in the consumer sectors, including food and beverage, health and wellness, beauty and personal care, and pet products and services.
The SPAC is led by CEO and Director Gregory Willsey, founder and owner of Venice Brands.
The SPAC will apply for a listing on the NYSE under VBAQ.U. Read more.
