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Equity Distribution Acquisition Priced, NYSE: EQD.U

Blank check company formed by Sam Zell's Equity Group Investments to acquire an industrials business (liquidated).

Industry: SPAC

First Day Return: +3.4%

Industry: SPAC

We are a newly incorporated blank-check company incorporated in July 2020 as a Delaware corporation. Our business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses, which we refer to throughout this prospectus as our “initial business combination.” Although we may pursue targets in any industry, we intend to initially focus on identifying a prospective target business in North America in the industrial sector with an enterprise valuation in the range of $1 billion to $1.5 billion. More specifically, we intend to target companies providing technology-enabled solutions in industrial and industrial distribution markets. Our Chairman is Sam Zell, investor, entrepreneur, and founder of the private investment firm, Equity Group Investments (“EGI”). Mr. Zell has a 50-year track record of founding multi-billion-dollar companies and growing many others, turning around troubled assets, leading industry consolidations, and bringing companies to the public markets. He has had overarching impact on numerous industries.
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Equity Distribution Acquisition (EQD.U) Performance