Quinpario Acquisition Corp. 2, a blank check company formed to acquire a specialty chemicals business, filed and set terms for an initial public offering on Friday. The St. Louis, MO-based company plans to raise $350 million by offering 35 million units at $10 per share. At the midpoint of the proposed range, Quinpario Acquisition Corp. 2 would command a fully diluted market value of $438 million.
The first Quinpario Acquisition Corp (QPACU) went public last year and has since combined with Jason Industries (NASDAQ: JASN).
Quinpario Acquisition Corp. 2, which was founded in 2014, plans to list on the NASDAQ but has not selected a ticker. Deutsche Bank and Cantor Fitzgerald are the joint bookrunners on the deal. No pricing date was disclosed.
