Platinum Eagle Acquisition, a blank check company formed to acquire a media or entertainment business, announced terms for its IPO on Friday.
The Los Angeles, CA-based company plans to raise $300 million by offering 30 million units at a price of $10. At that price, Platinum Eagle Acquisition would command a market value of $375 million.
Platinum Eagle Acquisition was founded in 2017 and plans to list on the Nasdaq under the symbol EAGLU. on the deal. Timing on pricing was not disclosed.
