VMG Consumer Acquisition Files for $200M IPO

VMG Consumer Acquisition registered to offer 20 million units at $10 each, with each unit consisting of one share of Class A common stock and one-half of a warrant.

The SPAC’s target focus is on consumer packaged goods, brick-and-mortar, digital, and tech-enabled brands across a range of verticals.

VMG is led by former Goldman Sachs Group banker Aarti Kapoor.

Credit Suisse and Moelis are joint book-running managers of the offering. The underwriters have a 45-day option to purchase up to an additional 3 million units to cover over-allotments, if any.

The SPAC intends to apply for a listing on the Nasdaq under VMGA.U. Read more.

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