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Ackrell SPAC Partners I Priced, Nasdaq: ACKIU

Blank check company targeting a branded fast-moving consumer goods business.

Industry: SPAC

Latest Trade: $10.23 0.00 (0.0%)

First Day Return: +1.0%

Return from IPO: +2.3%

Industry: SPAC

We are a blank check company. Our initial business combination and value creation strategy will be to identify, acquire and, after our initial business combination, assist in the growth of a branded fast-moving consumer goods business, which we refer to as a branded “FMCG” business. Our focus will be on the alcoholic and non-alcoholic beverage and wellness sectors of the branded FMCG market. In addition, we believe that there is an emerging opportunity within these sectors to target businesses that are focused on hemp-based branded consumer goods. However, we are not limited to the branded FMCG industry and we may pursue a business combination opportunity in any business or industry we choose and we may pursue a company with operations or opportunities outside of the United States. Michael K. Ackrell, our Chairman, is the founder and Chief Executive Officer of Ackrell Capital. Ackrell Capital, headquartered in San Francisco, CA and founded in 2003, is an investment bank focused on a variety of industries, including consumer, technology and digital. Shannon Soqui, our Vice Chairman, is the co-founder, Chief Executive Officer and Chairman of the board of directors of Next Frontier Brands. Jason M. Roth, our Chief Executive Officer, is the co-founder, Chief Strategy Officer and a member of the board of directors of Next Frontier Brands.
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IPO News for Ackrell SPAC Partners I
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IPO Data
IPO File Date 12/01/2020
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 12.0
Deal Size ($mm) $120
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 12/21/2020
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 12.0
Deal Size ($mm) $120
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters Claymont, DE
Founded 2018
Employees 3
Website www.ackrell.com