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G&P Acquisition Corp. (GAPA.U) Prices $175M IPO

G&P Acquisition Corp. (GAPA.U) Prices $175M IPO

G&P Acquisition Corp. announced the pricing of its downsized $175 million IPO and its units are expected to begin trading on the NYSE under the symbol “GAPA.U,” Thursday, March 11.

The new company aims to combine with a food and beverage, consumer goods, automotive or hospitality target. G&P is led by CEO Brendan T. O’Donnell, President Nicholas S. Schorsch, CEO and Treasurer Joseph Marnikovic, and Chairman Nicholas S. Schorsch.

Total SPAC deal count for 2021 year-to-date is now 246. This offering is expected to close on Monday, March 15.

BMO Capital Markets is serving as the sole book-running manager for this offering. Paul, Weiss, Rifkind, Wharton & Garrison LLP is serving as Issuer’s Counsel with White & Case LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.