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Counter Press Acquisition Corp. (CPAQU) Prices $75M IPO


Counter Press Acquisition Corp. (CPAQU) Prices $75M IPO

Counter Press Acquisition Corp. announced the pricing of its $75 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “CPAQU” Wednesday, February 9.

The new SPAC intends to focus its search on businesses in the sports, media, and data analytics sectors, with a focus on professional sports businesses. Counter Press is led by Paul Conway, Chief Executive Officer of the Company, Randy Frankel, Chairman of the Company’s board of directors, Michael Kalt, Chief Financial Officer of the Company, and Andrew Friedman and Julie Uhrman, members of the Company’s board of directors.

Total SPAC deal count for 2022 year-to-date is now 31. This offering is expected to close on Friday, February 11.

BTIG, LLC and EarlyBirdCapital, Inc. are acting as joint book-running managers of the offering. Venable LLP is serving as Issuer’s Counsel with Ellenoff Grossman & Schole LLP serving as Underwriter’s Counsel.  UHY LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.