Snow Rothschild Acquisition, an industrials-focused blank check company led by investors Nat Rothschild and Ian Snow, raised $200 million by offering 20 million units at $10. Each unit consists of one share of common stock, and one-half of a warrant to purchase a share, exercisable at $11.50.
Snow Rothschild Acquisition is led by CEO and Director Ian Snow, the co-founder and CEO of private equity firm Snow Phipps Group, and a director of Laureate Education, Blackhawk Industrial Distribution, and ECRM LLC. He is joined by the Chairman, Lord Nathaniel Rothschild, the CEO of Volex plc. CFO William Chai is a partner at Outlier Global Management.
The SPAC intends to capitalize on management's expertise in the industrial, manufacturing, and chemicals sectors.
The New York, NY-based company will trade on the Nasdaq under the symbol ISNRU. Santander acted as sole bookrunner on the deal.
