Powered Brands Announces Pricing of $240 Million Initial Public Offering

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Jan 08, 2021
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Powered Brands (Nasdaq: POWRU, the “Company”) announced today that it priced its initial public offering of 24,000,000 units at $10.00 per unit. The units are expected to be listed on the Nasdaq Capital Market (“Nasdaq”) and trade under the ticker symbol “POWRU” beginning January 8, 2021. Each unit consists of one Class A ordinary share and one-third of one warrant to purchase one ordinary share at $11.50 per whole share. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on the Nasdaq under the symbols “POW” and “POWRW” respectively.