PWP Forward Acquisition I, a blank check company backed by Perella Weinberg targeting women-forward companies, raised $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one-fifth of a warrant, exercisable at $11.50.
The company is led by CEO and Director Stacia Ryan, who currently serves as Partner and Co-Head of the Consumer Retail Group at Perella Weinberg, and Chairman Joseph Perella, a Founding Partner and former CEO of Perella Weinberg. PWP Forward Acquisition I is focused on improving access to public financing for companies that are founded by, led by, or enrich the lives of women, also referred to as "Women-Forward Companies."
PWP Forward Acquisition I plans to list on the Nasdaq under the symbol FRWAU. Citi acted as a lead manager on the deal.
