The new company aims to combine with a business in the healthcare or a healthcare related industry in the US or Europe. Powered Brands is led by CEO Chris Ehrlich and CFO Daniel Geffken.
Total SPAC deal count for 2021 year-to-date is now 23 with $5.52 billion in gross proceeds raised. This offering is expected to close on Tuesday, January 12.
Cantor Fitzgerald & Co. is acting as sole book-running manager for the offering. Ledgewood PC is serving as Issuer’s Counsel with Ellenoff Grossman & Schole LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.