Schultze Special Purpose Acquisition II is in talks to merge with Point Blank Enterprises, a maker of body armor, holsters, shields and other ballistic protection products, according to Bloomberg, citing people with knowledge of the matter.
Founded in 1973, Pompano Beach, Florida-based Point Blank Enterprises is backed by private equity firm JLL Partners. Led by CEO Daniel Gaston, the company provides products to clients including the US military, federal agencies and domestic and international law-enforcement professionals, according to its website.
Shultze II raised $150 million in a September 2021 IPO. Read more.
