Signal Hill Acquisition, a blank check company targeting DTC media, tech, and emerging digital enterprise-focused businesses, raised $100 million by offering 10 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50.
The company is led by CEO and Director Jonathan Bond, co-founder and former CEO of integrated advertising and media agency Kirshenbaum Bond Senecal & Partners; CFO and President Grainne Coen, founder and Partner of diversified investment group Elevation Investment Partners; and Chairman Paul Roberts, the CEO of digital marketing platform Kubient (Nasdaq: KBNT). The company plans to target direct-to-consumer (DTC) media, technology, and emerging digital enterprise-focused businesses in the US.
Signal Hill Acquisition plans to list on the Nasdaq under the symbol SGHLU. B. Riley Securities acted as sole bookrunner on the deal.
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