Sandbridge Acquisition Corporation (SBG.U) Prices $200M IPO


Sandbridge Acquisition Corporation (SBG.U) Prices $200M IPO

Sandbridge Acquisition Corporation announced the pricing of its $200 million IPO this evening and its units are expected to begin trading on the NYSE under the symbol “SBG.U” tomorrow, Tuesday, September 15th.

The company aims to combine with a disruptive consumer brand in the personal care, health or wellness spaces. It will be led by Chairman and CEO Ken Suslow, CFO Richard Henry and COO Joe Lamastra.

Total SPAC deal count for 2020 year-to-date is now 97 with $38.1 billion in gross proceeds raised. The offering is anticipated to close on Thursday, September 17, 2020.

Citigroup Global Markets Inc. and UBS Securities LLC are acting as joint book-running managers. Academy Securities, Inc., Drexel Hamilton, LLC, Roberts and Ryan Investments Inc., Siebert Williams Shank & Co., LLC and R. Seelaus & Co., LLC are acting as co-managers. Ropes & Gray LLP and Paul Hastings LLP were Issuer’s Counsel and Underwriter’s Counsel, respectively. WithumSmith+Brown, PC, acted as auditor. Continental Stock Transfer & Trust Company is acting as trustee.