PMV Consumer Acquisition Corp. prices $175M IPO

September 25, 2020

New York – Paul Hastings LLP, a leading global law firm, announced today that it represented PMV Consumer Acquisition Corp. on the pricing of its $175 million initial public offering on the New York Stock Exchange.

The company listed 17.5 million units at $10.00 per unit on the NYSE on September 22. Each unit consists of one share of the company’s Class A common stock and one-half of one redeemable warrant. Each whole warrant entitles the holder to purchase one share of the company’s Class A common stock at an exercise price of $11.50 per share. The Class A common stock and warrants listed on the NYSE under the symbols "PMVC," and "PMVC WS," respectively.

UBS Investment Bank and BTIG, LLC acted as joint book-running managers of the offering. The company has granted the underwriters a 45-day option to purchase up to 2,625,000 additional units to cover over-allotments, if any, at the initial public offering price.

Palm Beach, Fla.-based PMV Consumer Acquisition Corp. is a blank check company organized for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or other similar business combination with one or more businesses or entities. The company’s efforts to identify a prospective target business will not be limited to any particular industry or geographic region, although the company initially intends to focus on target businesses in the consumer industry with enterprise valuations in the range of $200 million to $3.5 billion.

The Paul Hastings team was led by partner Michael Zuppone and associates Shai Vander and Kyle Birnbaum.
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