News Formal

Blank-check firm bite to take stake in Canadian food company - BNN Bloomberg

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 50%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

Bite Acquisition Corp., a blank-check company led by a former Merrill Lynch executive, plans to merge with Canadian plant-based food company Above Food Corp.

Food can be seen in this undated photo.

Above Food owns grain terminals and railway infrastructure for moving food commodities and is also a supplier of ingredients, private-label packaged goods and other food products. It has a small lineup of brands including Tuno, a plant-based tuna alternative, and Loma Linda, which sells simple vegetarian meals in packages.

Bite, which focuses on the food and restaurant sectors, closed a $200 million initial public offering in early 2021 during a boom in blank-check offerings. The popularity of such investment vehicles has since soured amid tighter credit and greater scrutiny from regulators, and Bite transferred its listing from the New York Stock Exchange to the NYSE American board earlier this year.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 83. in FR
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

WestJet finishes its Sunwing acquisition - BNN BloombergThe WestJet Group has completed its acquisition of Sunwing Vacations and Sunwing Airlines, the Calgary-based airline announced on Monday.
La source: BNNBloomberg - 🏆 83. / 50 Lire la suite »