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Colin Kaepernick Eyeing $1B Acquisition Through New Investment Vehicle

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Colin Kaepernick launches Mission Advancement Corp, a special purpose acquisition company with a board that includes Ava DuVernay, Birchbox founder Katia Beauchamp and former Beats by Dre CMO Omar Johnson

On the heels of a first-look deal with Disney and ultra successful Nike campaign, Colin Kaepernick is forming a special purpose acquisition company that's raising $250 million in its initial public offering, according to a Tuesday SEC filing.

That target hasn't been identified yet, but the filing indicates they're looking for a business that reflect these three themes:"I. Consumers are investing in brands that reflect their social values and recognize that purchasing decisions can act as instruments of change. II. Companies are becoming more mission-driven and seeking to align with culturally relevant social causes. III.

 

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