Primavera Capital Acquisition in a regulatory filing said it has lowered the per-share price of merger target Lanvin from $3.365773 to $2.6926188. Additionally, the SPAC added a $50 million equity investment by Meritz Securities to its PIPE.
A bonus pool of 3.6 million post-merger shares is to be made available to the SPAC’s non-redeeming shareholders. Bonus shares forfeited by redeeming PCAC shareholders will be distributed on a pro rata basis. All of the shares in the bonus pool will be contributed by Fosun International and Primavera Capital Acquisition, the SPAC’s sponsor.
Lanvin Group, formerly Fosun Fashion Group, is a luxury fashion group managing brands worldwide including Lanvin, Sergio Rossi, Wolford, St. John Knits, and Caruso. Read more.
