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PMV Consumer Acquisition Corp. (PMVC.U) Prices $175M IPO


PMV Consumer Acquisition Corp. (PMVC.U) Prices $175M IPO

PMV Consumer Acquisition Corp. announced the pricing of its $175 million IPO this evening and the units are expected to begin trading on the NYSE under the symbol “PMVC.U” tomorrow, Tuesday, September 22.

This new company aims to combine with a target in the consumer or adjacent sectors valued at between $200 million and $3.5 billion. PMV is led by Chairman and CEO P. Kasper Jakobsen, President Joseph A. Gabelli, SVP and Chief Accounting Officer John N. Givissis, and EVP Peter D. Goldstein.

Total SPAC deal count for 2020 year-to-date is now 106 with $40.86 billion in gross proceeds raised. This offering is expected to close on Thursday, September 24.

UBS Investment Bank and BTIG, LLC are acting as joint book-running managers of the offering. Paul Hastings LLP is serving as Issuer’s Counsel with Ellenoff Grossman & Schole LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC, serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.