Authentic Equity Acquisition Corp. (AEACU) Prices $200M IPO


Authentic Equity Acquisition Corp. (AEACU) Prices $200M IPO

Authentic Equity Acquisition Corp. announced the pricing of its $200 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “AEACU” Friday, January 15.

The new company aims to combine with a consumer business in North America with established, authentic and profitable brands. Authentic Equity is led by Chairman and CEO David M. Hooper, President and COO Thomas Flocco and CFO Todd Khoury.

Total SPAC deal count for 2021 year-to-date is now 44 with $11.85 billion in gross proceeds raised. This offering is expected to close on Wednesday, January 20.

Jefferies LLC and BMO Capital Markets Corp. are serving as joint book-running managers for this offering. Kirkland & Ellis LLP is serving as Issuer’s Counsel with Skadden, Arps, Slate, Meagher & Flom LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.