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Equity Group Investments' industrials SPAC Equity Distribution Acquisition prices upsized $360 million IPO at $10

EQD.U

Equity Distribution Acquisition, a blank check company formed by Sam Zell's Equity Group Investments to acquire an industrials business, raised $360 million by offering 36 million units at $10. The company offered 6 million more units than anticipated. Each unit consists of one share and one-third of a warrant, exercisable at $11.50. The company is led by ...read more

Equity Group Investments' industrials SPAC Equity Distribution Acquisition files for a $300 million IPO

EQD.U

Equity Distribution Acquisition, a blank check company formed by Sam Zell's Equity Group Investments to acquire an industrials business, filed on Friday with the SEC to raise up to $300 million in an initial public offering. The Chicago, IL-based company plans to raise $300 million by offering 30 million units at a price of $10. Each unit consists of one share and one-third of...read more

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