USHG Acquisition, a blank check company formed by Danny Meyer and Union Square Hospitality Group, raised $250 million by offering 25 million units at $10. Each unit consists of one share of common stock and one-third of a warrant, exercisable at $11.50.
The company is led by Chairman Danny Meyer, who founded Union Square Hospitality Group (USHG) and currently serves as CEO. He is joined by CEO and Director Adam Sokoloff, who has served as a Managing Partner of Asgard Capital Partners since 2019, and CFO Tiffany Daniele, who has served as CFO of USHG since 2020. USHG Acquisition intends to focus on culture-driven businesses across a range of industries, including, but not limited to, technology, e-Commerce, food and beverage, health and retail and consumer goods.
USHG Acquisition plans to list on the NYSE under the symbol HUGSU. Goldman Sachs and Piper Sandler acted as lead managers on the deal.
