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SPAC Henley Park Acquisition files for a $175 million IPO, targeting ACES

September 24, 2021

Henley Park Acquisition, a blank check company led by a former Ford executive targeting the ACES sectors, filed on Friday with the SEC to raise up to $175 million in an initial public offering.

The Washington, DC-based company plans to raise $175 million by offering 17.5 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50. At the proposed deal size, Henley Park Acquisition would command a market value of $219 million.

The company is led by CEO and Director Miguel Payan, a former Senior Executive at Ford Smart Mobility, and President and CFO Robert Haywood, who has led several acquisitions and previously was a VP of Global Consumer Engagement at Mattel. The company plans to target the automation, connectivity, electrification, and smart mobility (ACES) sectors.

Henley Park Acquisition was founded in 2020 and plans to list on the NYSE under the symbol HPACU. Maxim Group LLC is the sole bookrunner on the deal.