Ackrell SPAC Partners I (ACKIT) to Combine with Blackstone Products in $900M Deal

Ackrell I (NASDAQ:ACKIT) has entered into a definitive agreement to combine with outdoor cooking company Blackstone Products at an enterprise value of $900 million, or 2x its 2021E revenue. Logan, Utah-based Blackstone provides outdoor griddles, accessories and consumables. The combined company is expected to trade on the Nasdaq under the symbol “BLKS” once the deal
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