Anzu Special Acquisition I, a blank check company targeting transformative technologies for industrial applications, raised $420 million by offering 42 million units at $10. The company offered 7 million more units than anticipated. Each unit consists of one share of common stock and one-third of a warrant, exercisable at $11.50. The company had originally filed to offer 25 million units prior to increasing its deal size a first time on February 19.
The company is led by Chairman William Wulfsohn, who previously served as CEO and Chairman of Ashland Global Holdings from 2015 to 2019; CEO and Director Whitney Haring-Smith, who has served as Co-Founder and Managing Partner at Anzu Partners since 2015; and CFO John Joy, who previously served as VP of Corporate Development at Ashland from 2008 to 2020. Anzu Special Acquisition I intends to concentrate its efforts in identifying high-quality businesses with transformative technologies for industrial applications.
Anzu Special Acquisition I plans to list on the Nasdaq under the symbol ANZUU. BofA Securities and Barclays acted as lead managers on the deal.
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