Colombier Acquisition priced its IPO of 15 million units at $10 each.
Units began trading today on the NYSE under CLBR.U. Each consists of one share of Class A common stock and one-third of one warrant; whole warrants exercisable at $11.50 per share. Once the securities begin separate trading, stock and warrants will list under CLBR and CLBR WS, respectively.
B. Riley Securities is sole bookrunning manager for the offering. The underwriters have a 45-day option to purchase up to 2.25 million additional units to cover any over-allotments.
The SPAC will target companies with an enterprise value of approximately $500 million to $1.25 billion. Read more.
