Ventoux CCM Acquisition Corp. (VTAQU) Prices $150M IPO


Ventoux CCM Acquisition Corp. (VTAQU) Prices $150M IPO

Dec 23, 2020 INTEL by Kristi Marvin

Ventoux CCM Acquisition Corp. announced the pricing of its $150 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “VTAQU” Thursday, December 24.

The new company aims to combine with a North American businesses within the hospitality, leisure, travel or dining sectors with an emphasis on consumer branded businesses that have attractive growth characteristics.  Ventoux CCM is led by Chairman, CEO and Director Edward Scheetz alongside CFO, Secretary and Director Matthew MacDonald. Brock Strasbourger and Prasad Phatak are Chief Operating Officer and Chief Investment Officer, respectively.

Total SPAC deal count for 2020 year-to-date is now 248 with $82.8 billion in gross proceeds raised. This offering is expected to close on Tuesday, December 29.

Chardan Capital Markets LLC is acting as sole book-running manager for the offering. Loeb & Loeb LLP is serving as Issuer’s Counsel with Greenberg Traurig, LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.