The new SPAC intends to focus its search on a business in the media, entertainment and sports sectors with a strong management team. Heartland Media is led by CEO Robert S. Prather, Jr.
Total SPAC deal count for 2022 year-to-date is now 21. This offering is expected to close on Tuesday, January 25.
BofA Securities and Moelis & Company are acting as the joint book-running managers for the offering. Proskauer Rose LLP is serving as Issuer’s Counsel with Davis Polk & Wardwell LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.