KKR SPAC Files for $1 Billion IPO

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Date: 12.02.2021

Blank-check company KKR Acquisition Holdings I Corp., sponsored by KKR & Co. Inc., in partnership with Glenn Murphy, filed for an initial public offering with the U.S. Securities and Exchange Commission on Thursday.

Mr. Murphy, the blank-check company’s chief executive and executive chairman, is currently chairman of Lululemon Athletica Inc. and previously served as chairman and CEO of Gap Inc. from 2007 to 2014, the company said.

KKR Acquisition Holdings I said it planned to offer 100 million units at $10 per unit. Each unit will consist of one share of Class A common stock and one-third of a warrant. Each full warrant allows the holder to purchase a share of Class A common stock for $11.50.

“We believe our access to the KKR platform will provide the potential to consider a variety of business combination opportunities,” the company said.

The company also said it intends to apply to list its units on the New York Stock Exchange under the symbol “KAHC.U.”

Source: Wall Street Journal

 

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