Renaissance Capital logo

Whole Earth Brands (Act II Global Acquisition) Priced, Nasdaq: FREE

Sugar substitute and confectionery manufacturer (completed 6/25/2020).

Industry: SPAC

First Day Return: +1.0%

Industry: SPAC

Upon the closing of the Business Combination with Act II Global Acquisition, Whole Earth Brands will become a global industry leading platform, focused on the “better for you” consumer packaged goods (CPG) and ingredients space. The company’s branded products and ingredients will be uniquely positioned to capitalize on the global secular consumer shift away from sugar and toward clean label products and natural alternatives. Our Branded CPG segment will comprise a global CPG business focused on building a branded portfolio oriented toward serving customers seeking zero-calorie, low-calorie, natural, no-sugar-added and plant-based products. At closing, the Branded CPG business will continue to operate the company’s leading brands in the low- and zero-calorie sweetener market, such as Whole Earth®, Equal®, Canderel® and Pure Via®, and existing branded adjacencies. Our Flavors & Ingredients segment will comprise the global business-to-business focused operations with a long history as a trusted supplier of essential, functional ingredients to some of the CPG industry’s largest and most demanding customers. At closing, the Flavors & Ingredients segment will continue to operate the company’s leading licorice-derived products business.
more less
IPO Data
IPO File Date 04/05/2019
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 26.1
Deal Size ($mm) $261
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 04/25/2019
Offer Price IPO Intelligence Only
Price Range IPO Intelligence Only
Offer Shares (mm) IPO Intelligence Only
Deal Size ($mm) $261
Lock-Up Date IPO Intelligence Only
Street Research IPO Intelligence Only
Underwriters
IPO Intelligence Only
Company Data
Headquarters Chicago, IL, United States
Founded 1850
Employees at IPO n/a
Website www.wholeearthbrands.com

Whole Earth Brands (Act II Global Acquisition) (FREE) Performance