Holley, a maker of products for car and truck enthusiasts, said Friday it is going public via a merger with special purpose acquisition corporation Empower Ltd.
in a deal with an enterprise value of about $1.55 billion. Cs, or blank-check companies, raise funds in an initial public offering and then have about two years to acquire a business or businesses. The deal is expected to close in the second quarter, and will result in Holley trading on the New York Stock Exchange, under the new tickers 'HLLY.' Holley's current management team will continue to lead the combined company, with Empower CEO Matt Rubel taking the role of chairman of the board.
There's many people wondering how you knew with more than 30 minutes (arguably 14h) in advance, how $gme and $amc had simultaneously dropped by more than 40% the other day. wmwitkowski For those who don't know about this, I suggest you stop taking advices from these crooks.
good