Legacy Acquisition, a blank check company formed by former Proctor & Gamble executives, filed on Wednesday with the SEC for an initial public offering.
The Cincinnati, OH-based company plans to raise $300 million by offering 30 million units at a price of $10. At that price, Legacy Acquisition would command a fully market value of $375 million. Each unit consists of one share of common stock and one warrant to purchase one-half of one share exercisable at $11.50.
Legacy Acquisition Corp. was founded in 2017 and plans to list on the NYSE under the symbol LGCU. Wells Fargo Securities, Cantor Fitzgerald and Stifel are the joint bookrunners on the deal. IPO timing was not disclosed.
