EF Hutton Acquisition Corporation I (EFHTU) Prices $100M IPO

EF Hutton Acquisition Corp. I priced its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “EFHTU” Friday, September 9, 2022.

The new SPAC intends to identify targets within the consumer and retail industry that have an enterprise value in the range of $400 million to $1 billion. EF Hutton I is led by CEO and Chairman Benjamin Piggott, CFO Kevin M. Bush, and Co-Presidents Joseph Rallo and David Boral.

Total SPAC deal count for 2022 year-to-date is now 75. This offering is expected to close on Tuesday, September 13.

EF Hutton, division of Benchmark Investments, LLC is acting as the sole book running manager for the offering. Loeb & Loeb LLP is serving as Issuer’s Counsel with Hogan Lovells US LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.