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Athlon Acquisition, a clean verify firm shaped by Causeway Media Companions focusing on the well being and wellness sectors, filed on Tuesday with the SEC to boost as much as $200 million in an preliminary public providing.
The Cambridge, MA-based firm plans to boost $200 million by providing 20 million models at $10. Every unit consists of 1 share of widespread inventory and one-half of a warrant, exercisable at $11.50. On the proposed deal dimension, Athlon Acquisition would command a market worth of $250 million.
The corporate is led by Government Chairman Mark Wan, co-founder and Managing Associate of Causeway Media Companions, an funding fund targeted on the sports activities, health, and associated industries. He’s joined by CEO and Director Chris Hickey, the previous CEO of No Cow and The Isopure Firm, and CFO David Poltack, who at present serves because the CFO of Causeway Media Companions. The corporate plans to focus on the well being, wellness, and health sectors and the merchandise, gadgets, purposes, and expertise driving development inside these verticals.
Athlon Acquisition was based in 2020 and plans to listing on the Nasdaq beneath the image SWETU. The corporate filed confidentially on October 23, 2020. Jefferies is the only bookrunner on the deal.
The article Health and wellness SPAC Athlon Acquisition files for a $200 million IPO initially appeared on IPO funding supervisor Renaissance Capital’s website renaissancecapital.com.
Funding Disclosure: The knowledge and opinions expressed herein had been ready by Renaissance Capital’s analysis analysts and don’t represent a proposal to purchase or promote any safety. Renaissance Capital’s Renaissance IPO ETF (symbol: IPO), Renaissance International ETF (symbol: IPOS), or individually managed institutional accounts might have investments in securities of corporations talked about.
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