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Lerer Hippeau Acquisition Priced, Nasdaq: LHAA

Blank check company formed by Lerer Hippeau targeting tech-enabled businesses (liquidated).

Industry: SPAC

First Day Return: +0.2%

Industry: SPAC

We are a newly formed blank check company. While we may pursue an acquisition opportunity in any business, industry, sector or geographical location, we intend to focus on technology-enabled businesses. We intend to capitalize on our team’s investing and operating experience, as well as our extensive network, to source, diligence, acquire and drive long-term value for an exceptional business. Our sponsor is an affiliate of Lerer Hippeau, a venture capital firm based in New York, with approximately $1 billion under management. Lerer Hippeau has managed over 400 portfolio company investments across industry sectors in the United States and Canada, and has been recognized by PitchBook Data, Inc. as the most active local venture capital firm in New York in terms of the number of new company investments during the period from 2010 to 2020. The diverse experience of our management team with investing across industries, which results in the review of thousands of innovative concepts annually, provides a grassroots perspective into those sectors most ripe for technology-fueled disruption. We believe that several prominent market shifts will permanently alter the corporate landscape, and that our management team's network of startups could provide public investors with access to a range of assets which have been in limited supply to date.
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Lerer Hippeau Acquisition (LHAA) Performance