• Oct 8, 2020
Drive-ins have been popping up all over the country during the coronavirus pandemic. But few are right in the middle of a city, next to a highway and skyscrapers.
It s a warm fall evening in downtown Newark, New Jersey. Hundreds of us are parked in the middle of a gravel lot. This the home of the pop-up Newark Moonlight Cinema, which opened in July and celebrates Black filmmakers and actors. A DJ plays music before the show. People get out of their cars to dance wearing masks and staying apart.
The new company would seek to acquire a company with similar cultural values
Danny Meyer has joined the growing number of restaurant veterans who have formed special acquisition companies, or SPACs. An affiliate of his Union Square Hospitality Group, USHG Acquisition, on Friday filed papers with the Securities & Exchange Commission to raise $250 million in an initial public offering, and then list on the New York Stock Exchange under the ticker HUGSU.
Meyer, who is the founder and CEO of USHG, is chairman of the new SPAC. Its CEO is investment banker Adam Sokoloff of Asgard Capital Partners.
USHG chief financial officer Tiffany Daniele is also CFO of the new company. She joined USHG in October of 2020 after two years as vice president for global corporate financial planning & analysis at Tapestry, Inc., which owns the luxury brands Coach, Kate Spade and Stuart Weitzman.
Shake Shack Founder Danny Meyer’s SPAC Files for $250M IPO
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Danny Meyer, filed to raise $250 million in an initial public offering.
Danny Meyer
Meyer, who is chairman of the special purpose acquisition company, is chief executive officer of
Union Square Hospitality Group LLC, which has operated more than 20 restaurants and bars, according to the SPAC’s filing Friday with the U.S. Securities and Exchange Commission.
USHG’s CEO is
Carlyle Group Inc. who is now a managing partner at
Asgard Capital Partners.
Meyer and Sokoloff join a horde of high-profile executives and investors in a record-shattering rush of SPAC listings.
CLEAR s Latest $100mm Funding Round Fuels Expansion Strategy
Enlightened Hospitality Investments, 32 Equity (NFL s Investment Arm), PFNYC Headline Funding Round, Showcasing Range of Industries Committed to Company s Vision
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NEW YORK, Feb. 8, 2021 /PRNewswire/ CLEAR, the secure identity company, has completed a strategic funding round of $100 million headlined by Danny Meyer s Enlightened Hospitality Investments, 32 Equity (the investment arm of the National Football League (NFL)) and the Partnership Fund for New York City, showcasing the rapid expansion and evolution of CLEAR s partner universe. CLEAR has built a trusted reputation providing over 5 million members frictionless journeys across multiple industries. This investment will continue to accelerate the company s growth as a platform that transforms both physical and digital experiences to make it safer and easier for customers and partners.
Shake Shack founder s Spac files for US$250m IPO businesstimes.com.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstimes.com.sg Daily Mail and Mail on Sunday newspapers.