Post Holdings Partnering closed its IPO of 30 million units at $10 each.
Evercore Group and Barclays Capital acted as the lead book-running managers for the offering. The underwriters have a 45-day option to purchase up to an additional 4.5 million units at the IPO price. PHPC Sponsor has purchased 4 million of the IPO units.
Each unit consists of one share of Series A common stock and one-third of one redeemable warrant, with whole warrants exercisable at $11.50 for a share.
Units trade on the NYSE under PSPC.U. Once the securities comprising the units begin separate trading, shares 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.
