Counter Press Acquisition filed to offer 7.5 million units, each consisting of one Class A ordinary share and one-half of a warrant.
The sponsor currently holds 2,156,250 Class B ordinary shares, about 13% of which are subject to forfeiture depending on the extent of the underwriters exercising their over-allotment option.
Counter Press intends to focus on businesses in the sports, media and data analytics sectors, with a focus on professional sports businesses.
CEO Paul Conway is co-founder of Pacific Media Group, a financier and content distributor. The company most recently produced the motion picture Ad Astra. Other films financed include The Martian, The Greatest Showman, War of the Planet of the Apes, X-Men Apocalypse and Alien: Covenant. Pacific Media Group owns a leading animated content library in China including rights for the popular series Wild Kratts, Gigantosaurus and Garfield.
PMG is also a leading investor in European football.
BTIG and EarlyBirdCapital are joint book-running managers of the offering.
The SPAC intends to apply for a Nasdaq listing under the symbol CPAQU. Read more.
