A week after saying it leads the market as sole book-runner for eight SPAC IPOs so far this year, EF Hutton has launched a SPAC of its own.
EF Hutton Acquisition I registered to raise $100 million through an offering of 10 million units, each consisting of one share and half a warrant — with whole warrants exercisable at $11.50.
The SPAC’s acquisition focus is on the consumer and retail industry.
Chairman and CEO Benjamin Piggott has been a managing director at EF Hutton since its inception in June 2020.
The SPAC has applied to list on the Nasdaq, with EF Hutton serving as book-runner. Read more.
