Kirkland-Led Blank Check Co. Raises $200M In IPO

Law360 (September 11, 2019, 1:31 PM EDT) -- A Kirkland & Ellis LLP-led blank check company focused on the consumer sector started trading on the Nasdaq Capital Market on Wednesday, hours after the company said it raised $200 million in an initial public offering.

Austin, Texas-based New Providence Acquisition Corp. said in a late Wednesday statement that it priced 20 million units at $10 apiece. Those units, the company said, are made up of one share of class A common stock and half of one warrant. Each whole warrant gives the holder the ability to buy one share of class A common stock for $11.50 per share, according to...

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