Danny Meyer's Union Square Hospitality to raise $250 m for SPAC
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 Part...
Source: nrn.com