The new company aims to combine with a consumer-facing ecommerce brand valued at $750 million or more with limited exposure to uncontrollable external factors. Clarim is led by Chairman and CEO James F. McCann alongside President and CFO Jaymin Patel, Vice Chairman Russell Glass and EVP Paul Stamoulis.
Total SPAC deal count for 2021 year-to-date is now 89 with $24.9 billion in gross proceeds raised. This offering is expected to close on Tuesday, February 2.
Jefferies, LLC and BTIG, LLC are serving as the joint book-running managers for the offering. Ellenoff Grossman & Schole LLP is serving as Issuer’s Counsel with Paul Hastings LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.