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North Atlantic Acquisition Priced, Nasdaq: NAAC

Blank check company targeting the consumer, industrials, and telecom sectors in North America and Europe (liquidated).

Industry: SPAC

First Day Return: +4.2%

Industry: SPAC

We are a newly incorporated blank check company. We intend to pursue businesses in Europe or North America, with a primary focus on Europe where we have multiple decades of experience and observed SPAC activity to be underdeveloped. We are focused on effecting an initial business combination with a target that operates in one of our core industries: consumer, industrials and telecommunications. We are not, however, required to complete our initial business combination with a business in one of these industries and, as a result, may pursue an initial business combination outside of these industries if we find an alternative opportunity that will result in an attractive return to investors. We do not expect to consider target businesses that operate in the oil & gas and pharmaceutical sectors. Our management team is comprised of industry leaders with compelling operating, investing and capital raising experience in both public and private markets and across various geographies. We will be further supported by our non-executive directors comprised of prior senior executives from blue-chip, global institutions such as The Procter & Gamble Company and Permira Advisers. We expect that our directors will provide us with access to their expansive networks for sourcing acquisition targets, but also play a substantial role in the operations of the business post-transaction.
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North Atlantic Acquisition (NAAC) Performance