VMG Consumer Acquisition, a new SPAC targeting high-growth consumer and retail companies, priced its IPO of 20 million units at $10 each.
A unit consists of one share and one-half of a warrant. Units start trading today on the Nasdaq under VMGAU.
Sponsor VMG Consumer Acquisition Holdings is an affiliate of VMG Partners II, a consumer and retail investment firm with growth and venture investment strategies.
Credit Suisse and Moelis are joint book-running managers for the offering. The underwriters may opt to purchase up to 3 million units at the IPO price to cover over-allotments, if any. Read more.
