Hunt Companies Acquisition I, a blank check company formed by the management of Hunt Companies, raised $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one-half of one redeemable warrant, exercisable at $11.50. The sponsor had indicated on $25 million worth of units in the offering (13% of the deal).
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 plans to list on the NYSE under the symbol HTAQ.U. Jefferies acted as sole bookrunner on the deal.
