Schultze Special Purpose Acquisition, a blank check company formed by distressed debt investor George Schultze, filed on Tuesday with the SEC for an initial public offering.
The Rye Brook, NY-based company plans to raise $150 million by offering 15 million units at a price of $10. At that price, Schultze Acquisition would command a market value of $188 million. Each unit consists of one share of common stock and one warrant exercisable $11.50.
Schultze Special Purpose Acquisition was founded in 2018 and plans to list on the Nasdaq under the symbol SAMAU. EarlyBirdCapital and BTIG are the joint bookrunners on the deal.
