Renaissance Capital logo

Casper CEO's tech SPAC Tailwind Acquisition prices $300 million IPO at $10

September 4, 2020
TWND.U

Tailwind Acquisition, a blank check company formed by Casper CEO Philip Krim targeting a technology business, raised $300 million by offering 30 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50. 

Track SPACs with a free trial of IPO Pro.

Tailwind Acquisition is led by Chairman Philip Krim, co-founder and CEO of Casper (CSPR); CEO and Director Chris Hollod, an experienced venture capitalist and the founder and Managing Partner of Hollod Holdings; and CFO and Director Matt Eby, co-founder and Managing Partner of Tengram Capital Partners.

The Los Angeles, CA-based company plans to list on the NYSE under the symbol TWND.U. Jefferies acted as lead manager on the deal.