Post Holdings Partnering in an amended S-1 filing today said it now plans to offer 30 million units at $10 each, down from the 40 million units the SPAC initially planned to offer when it registered with the SEC in February.
Units will be priced at $10 each, consisting of one share of Series A common stock and one-third of one redeemable warrant. Whole warrants exercisable at $11.50.
The SPAC plans to target companies in the consumer packaged goods industry.
Post Holdings is led by Preisdent and CIO Robert V. Vitale, who is also executive chairman of BellRing, of which Post is the majority stockholder.
The SPAC said it will apply for a listing on the NYSE under PSPC.U. Read more.
