Collier Creek Holdings, a blank check company led by Pinnacle Foods Chairman Roger Deromedi, announced terms for its IPO on Wednesday.
The New York, NY-based company plans to raise $350 million by offering 35 million units at a price range of $10. Each unit will consist of one share of common stock and one third of one warrant to purchase one share of common stock at $11.50. At that price, Collier Creek Holdings would command a market value of $446 million.
Collier Creek Holdings was founded in 2018 and plans to list on the NYSE under the symbol CCH.U. Citi, Credit Suisse and BofA Merrill Lynch are the joint bookrunners on the deal.
