Yucaipa Acquisition Plans $300 Million IPO for August 4th (YAC.U)

Yucaipa Acquisition (YAC.U) is planning to raise $300 million in an initial public offering (IPO) on Tuesday, August 4th, IPO Scoop reports. The company will be issuing 30,000,000 shares at a price of $10.00 per share.

Citigroup served as the underwriter for the IPO.

Yucaipa Acquisition provided the following description of their company for its IPO: ”  We are a newly organized blank check company incorporated as a Cayman Islands corporation and formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any potential business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any potential business combination target. “.

Yucaipa Acquisition was founded in 2020 and has 0 employees. The company is located at 9130 West Sunset Boulevard, Los Angeles, CA 90069, US and can be reached via phone at (310) 228-2894.

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