TPB Acquisition Corp. I (TPBAU) Prices Downsized $175M IPO


TPB Acquisition Corp. I (TPBAU) Prices Downsized $175M IPO

Aug 10, 2021 IPOs by Marlena Haddad

TPB Acquisition Corp. I announced the pricing of its downsized $175 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “TPBAU”, Wednesday, August 11.

The new company intends to combine with a sustainability-focused company that operates across the food, agriculture, biomanufacturing, and life sciences sectors. TPB Acquisition Corp. I is led by CEO and Chairman David Friedberg, and CFO William Houser.

Total SPAC deal count for 2021 year-to-date is now 401. This offering is expected to close on Friday, August 13.

Barclays and CODE Advisors are acting as the joint book-running managers of the offering. Cooley LLP is serving as Issuer’s Counsel with Latham & Watkins LLP serving as Underwriter’s Counsel. Frank, Rimerman + Co. LLP, serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.