Authentic Equity Acquisition offered 20 million units priced at $10 each to raise $200 million in an IPO.
The SPAC said it plans to pursue an acquisition in a broad range of consumer products and services sectors, including packaged and frozen foods, beverages, beer, wine and spirits, snacks, household products, pet products, consumer and marketing services and personal care products, including health and beauty and over-the-counter products.
The SPAC is led by Chairman and CEO David Hooper, President and COO Thomas Flocco, and CFO Todd Khoury.
Units begin trading on the Nasdaq today under AEACU. Read more.
