ESH Acquisition registered today with the SEC to offer 30 million units at $10 each. A unit consists of one share and a warrant.
The new SPAC is broadly focused on sports, hospitality, and music and entertainment sectors.
Chairman Allen Weiss from 1972 to 2011 worked at Disney in various executive roles. From 1994 to 2003, Weiss served as president of Walt Disney World and from 2003 to 2011 as the president of World Wide Operations for Disney’s $10 Billion/95,000 employee Walt Disney Parks and Resorts business.
NBA hall of famer Magic Johnson is also on the SPAC’s board.
I-Bankers Securities is serving as sole book-running manager of the offering.
The SPAC intends to apply to list the units, Class A common stock and warrants on the Nasdaq under the symbols ESHU, ESH and ESHW, respectively. Read more.
