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Authentic Equity Acquisition Priced, Nasdaq: AEACU

Blank check company formed by Authentic Equity targeting a North American CPG business.

Industry: SPAC

Latest Trade: $10.43 0.00 (0.0%)

First Day Return: +3.8%

Return from IPO: +4.3%

Industry: SPAC

We are a newly organized blank check company. While we may pursue an initial business combination in any industry, sector or geographic region, we intend to focus our search initially on North American businesses in the consumer sector, which complements the expertise of our Management Team. We will seek strong fundamental businesses in a broad range of consumer products and services sectors. Within this substantial market, we will focus our efforts on subcategories where we can enhance value by leveraging our experience and relationships across the value chain including, but not limited to, packaged and frozen foods, beverages, beer, wine and spirits, snacks, household products, pet products, consumer and marketing services and personal care products, including health and beauty and over-the-counter products. Our Sponsor is an affiliate of Authentic Equity, a premier New York based consumer focused private equity investment firm led by David Hooper, our Chairman and CEO, Thomas Flocco, our President and COO, and Todd Khoury, our CFO and Director. Leveraging the over 60 years collective expertise of Mr. Hooper, Mr. Flocco and Mr. Khoury in the consumer products and consumer products services industries, we intend to target acquisitions in these sectors where we see a clear path to value creation by transforming businesses to improve top-line growth, drive productivity and enhance scale.
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IPO News for Authentic Equity Acquisition
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IPO Data
IPO File Date 12/22/2020
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 20.0
Deal Size ($mm) $200
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 01/14/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 20.0
Deal Size ($mm) $200
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters Rye, NY
Founded 2020
Employees 3
Website www.authenticequityllc.com