Colombier Acquisition, a blank check company targeting the consumer products, social, and entertainment sectors, raised $150 million by offering 15 million units at $10. Each unit consists of one share of common stock and one-third of a warrant, exercisable at $11.50.
The company is led by CEO and Chairman Omeed Malik, the founder and CEO of a broker/dealer and investment bank Farvahar Partners. The company plans to leverage its management team's experience and target businesses in the consumer products, social, and entertainment sectors, focusing on those with enterprise values between $500 million and $1.25 billion.
Colombier Acquisition plans to list on the NYSE under the symbol CLBR.U. B. Riley Securities acted as a lead manager on the deal.
