Big Law
Black Rifle Coffee Company Completes Its SPAC Merger
Just 90 days after announcing its intention to do so, Black Rifle Coffee Company is now a publicly listed company after it completed its merger with SilverBox Engaged Merger Corp I (NasdaqCM:SBEA).
SilverBox was/is a co-called Special Purpose Acquisition Company (SPAC) – aka a “blank check” company – and business formed specifically with the purpose of raising money via an Initial Public Offering so its management could turn around and merge with an operating company, like Black Rifle.
The completion of the Black Rifle SPAC merger was announced Tuesday afternoon after Wall Street closed and was expected to net the newly named BRC Inc. close to $150 million post-merger.
