Hawks Acquisition registered to offer 20 million units at $10 each. A unit consists of one share of stock and one-half of one redeemable warrant; whole warrants exercisable at $11.50.
The SPAC did not identify any specific sectrors to target, broadly citing distressed companies and busineses that have emerged from bankruptcy or restructuring.
Hawks Acquisition is led by Chairman and CeO J. Carney Hawks, the founder and CEO of JC Hawks & Co, an investment and advisory firm and an affiliate of the SPAC’s sponsor. Hawks was also a founding partner at Brigade Capital Management
BTIG and Mizuho Secirities are joint book-running managers. Imperial Capital is co-manager. The underwriters have an over-allotment option to purchase up to an additional 3 million units.
The SPAC intends to apply for a NYSE listing under HWKZ.U. Read more.