Tailwind Acquisition, a blank check company formed by Casper CEO Philip Krim targeting a technology business, filed on Tuesday with the SEC to raise up to $300 million in an initial public offering.
The Los Angeles, CA-based company plans to raise $300 million by offering 30 million units at a price of $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50. At the proposed deal size, Tailwind Acquisition would command a market value of $375 million.
Tailwind Acquisition is led by Chairman Philip Krim, co-founder and CEO of Casper (CSPR); CEO and Director Chris Hollod, an experienced venture capitalist and the founder and Managing Partner of Hollod Holdings; and CFO and Director Matt Eby, co-founder and Managing Partner of Tengram Capital Partners.
Tailwind Acquisition was founded in 2020 and plans to list on the NYSE under the symbol TWND.U. Tailwind Acquisition filed confidentially on June 17, 2020. Jefferies is the sole bookrunner on the deal.
