Isos Acquisition, a blank check company targeting the digital media and entertainment sectors, raised $225 million by offering 22.5 million units at $10. The company offered 2.5 million more units than anticipated. Each unit consists of one share of common stock and one-third of a warrant, exercisable at $11.50. The company may raise an additional $75 million at the closing of an acquisition pursuant to a forward purchase agreement with Apollo Global Management.
The company is led by Co-CEOs and Co-Chairmen Michelle Wilson and George Barrios, who previously served as Co-Presidents of World Wrestling Entertainment (NYSE: WWE). Isos Acquisition intends to focus on businesses in the digital media and entertainment sectors that complement its management team's expertise.
Isos Acquisition plans to list on the NYSE under the symbol ISOS.U. J.P. Morgan and LionTree acted as lead managers on the deal.
