Leisure Acquisition, a blank check company led by gaming and entertainment veteran Lorne Weil, announced terms for its IPO on Saturday.
The New York, NY-based company plans to raise $250 million by offering 25 million shares at a price range of $10 to $10. At the midpoint of the proposed range, Leisure Acquisition would command a fully diluted market value of $313 million.
Leisure Acquisition was founded in 2017 and plans to list on the Nasdaq under the symbol LACQU. Morgan Stanley is the sole bookrunner on the deal, and EarlyBirdCapital is lead manager.
