Pearl Holdings Acquisition Corp. (PRLHU) Prices $175M IPO


Pearl Holdings Acquisition Corp. (PRLHU) Prices $175M IPO

Dec 14, 2021 IPOs by Marlena Haddad

Pearl Holdings Acquisition Corp. announced the pricing of its $175 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “PRLHU” Wednesday, December 15.

The new SPAC intends to focus its search for a target business in global consumer-focused industries, including companies that participate in the lifestyle, technology, healthcare, and wellness sectors. Pearl Holdings is led by CEO and Chairman Craig E. Barnett, Vice Chairman Terry Duddy, and CFO Martin F. Lewis.

Total SPAC deal count for 2021 year-to-date is now 598. This offering is expected to close on Friday, December 17.

Morgan Stanley is acting as sole book-running manager for the offering. Skadden, Arps, Slate, Meagher & Flom LLP is serving as Issuer’s Counsel with Simpson Thacher & Bartlett LLP serving as Underwriter’s Counsel. BDO USA, LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.