Hawks Acquisition, a blank check company formed by JC Hawks & Co. targeting post-reorganized or highly levered businesses, filed on Thursday with the SEC to raise up to $200 million.
The New York, NY-based company plans to raise $200 million by offering 20 million units at $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, Hawks Acquisition would command a market value of $250 million.
The company is led by CEO and Chairman J. Carney Hawks, who is the founder and CEO of investment and advisory firm JC Hawks & Co. The company plans to target businesses that have emerged privately from bankruptcy court protection and are owned by their former creditors, or those that are privately owned and could benefit from an infusion of equity capital as part of a balance sheet recapitalization.
Hawks Acquisition was founded in 2021 and plans to list on the NYSE under the symbol HWKZ.U. BTIG and Mizuho Securities are the joint bookrunners on the deal.
