Swiftmerge Acquisition, a blank check company formed by IVEST Consumer Partners targeting disruptive consumer businesses, raised $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 is led by Chairman George Jones and CEO and Director John Bremner, who are co-founders of consumer-focused private equity group IVEST Consumer Partners. The company plans to target the consumer industry but primarily "Innovative Consumer," or disruptive consumer companies utilizing technology and the internet to evolve the way that consumers interact with the market.
Swiftmerge Acquisition plans to list on the Nasdaq under the symbol IVCPU. BofA Securities acted as sole bookrunner on the deal.
