Hunt Companies Acquisition I, a blank check company formed by the management of Hunt Companies, filed on Monday with the SEC to raise up to $200 million in an initial public offering.
The El Paso, TX-based company plans to raise $200 million by offering 20 million units at $10. Each unit will consist of one share of common stock and one-half of a warrant, exercisable at $11.50. At the proposed deal size, Hunt Companies Acquisition I will command a market value of $250 million.
The company is led by CEO and Director Chris Hunt, who has been CEO of Hunt Companies since 2015, and CFO Clay Parker, who has been CFO of Hunt Companies since 2013. Hunt Companies Acquisition I will not be limited to a particular industry or region, and intends to capitalize on management's ability to identify, acquire, and operate a business or businesses that can benefit from Hunt Companies' established global relationships and operating experience.
Hunt Companies Acquisition I was founded in 2021 and plans to list on the NYSE under the symbol HTAQ.U. Jefferies is the sole bookrunner on the deal.
