Yucaipa Acquisition Corp. Prices $300M SPAC IPO


Yucaipa Acquisition Corp. Prices $300M SPAC IPO

Yucaipa Acquisition Corp. (YAC.U), announced the pricing of their $300 million SPAC IPO this morning and the units are expected to begin trading today, Tuesday, August 4th, under the symbol NYSE: YAC.U.

Yucaipa Acquisition Corp. will have a broad search focus and the team will be led by Ron Burkle, as Chairman and Chief Executive Officer.

Total SPAC deal count for 2020 year-to-date is now 57 with $22.963 billion in gross proceeds raised. The offering is anticipated to close on Thursday, August 6, 2020.

Citigroup Global Markets Inc. is serving as sole book-running manager for this offering. Kirkland & Ellis LLP and Weil, Gotshal & Manges LLP, were Issuer’s Counsel and Underwriter’s Counsel, respectively. WithumSmith+Brown, PC, acted as auditor.