Crixus BH3 Files for $200M IPO

 Crixus BH3 Acquisition registered to offer 20 million units, each priced at $10 and consisting of one share and one-half of one redeemable warrant. Whole warrants would be exercisable at $11.50 for a share.

The new SPAC in the S-1 filing said it will concentrate on companies engaged in real estate, construction or infrastructure related activities.

Crixus BH3 is led by Co-CEO Daniel Lebensohn, who has been Co-CEO of BH3 Management since 2009. Co-CEO and CFO Gregory Freedman has also been Co-CEO of BH3 Management since 2009.

Guggenheim and BTIG are joint book-runners for the offering. The underwriters have an over-allotment option to purchase up to 3 million additional units.

The SPAc intends to apply for a Nasdaq listing under BHACU. Read more.

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