Post Holdings Partnering priced its IPO of 30 million units at $10 each.
PHPC Sponsor has indicated that it or one of its affiliates has an interest in purchasing, directly or indirectly, 4 million of the units at the IPO price.
PHPC has granted the underwriters a 45-day option to purchase up to an additional 4.5 million units at the IPO price. Evercore Group and Barclays are lead book-running managers for the offering.
Each unit consists of one share of PHPC’s Series A common stock and one-third of one redeemable warrant. Whole warrants are exercisable for a share at $11.50.
Units begin trading today on the NYSE under PSPC.U. Once the securities comprising the units begin separate trading, stock and warrants are expected to list under PSPC and PSPC WS, respectively.
The SPAC plans to target companies in the consumer packaged goods industry. Read more.
