Thrive Acquisition, a blank check company targeting the global health and wellness industry, filed on Thursday with the SEC to raise up to $200 million.
The Newton, MA-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. The company anticipates that anchor investors will indicate on $198 million worth of units in the offering (99% of the deal). At the proposed deal size, Thrive Acquisition would command a market value of $250 million.
The company is led by CEO and Director Charles Jobson, the founder and former Portfolio Manager of global equity hedge fund Delta Partners. The company plans to target the global health and wellness industry, focusing on branded food, beverage, and consumer products in the better-for-you or sustainability-focused market sectors, as well as companies supporting the consumer shift towards health and wellness through innovative platforms or technologies.
Thrive Acquisition was founded in 2021 and plans to list on the Nasdaq under the symbol THAC.U. BTIG is the sole bookrunner on the deal.
