Blackstone Products Becomes Public Through Business Combination With Ackrell SPAC Partners
December 23, 2021
Blackstone Products entered into a definitive business combination agreement with Ackrell SPAC Partners I Co. to become a publicly traded company. The deal includes expected gross proceeds of up to $281 million (including a $31 million PIPE and $111 million of convertible notes) and is expected to close in Q2 2022, subject to customary conditions.
- Buyers
- Ackrell SPAC Partners I Co., FS Investments
- Targets
- Blackstone Products
- Industry
- Consumer Products
- Location
- Utah, United States
- Transaction Type
- Buyout
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