Consumer SPAC CHW Acquisition prices upsized $110 million IPO

CHW Acquisition, a blank check company targeting consumer products and retail, raised $110 million by offering 11 million units at $10. The company offered 1 million more units than anticipated. Each unit consists of one share of common stock and one warrant, exercisable at $11.50.

The company is led by Co-CEO and Director Jonah Raskas, who serves as a Brand Manager at GlaxoSmithKline, and Co-CEO and Director Mark Grundman, who is the founder of small business investing firm MJG Partners. CHW Acquisition plans to target the consumer product or consumer-related industry, including businesses in fashion, food, beverage, pet, toy, athleisure, fitness, snacking, over-the-counter health and wellness products, weight loss, and travel goods.

CHW Acquisition plans to list on the Nasdaq under the symbol CHWAU. Chardan Capital Markets acted as sole bookrunner on the deal.