HZAC - Horizon Acquisition commences trading at $10

October, 20 2020 11:02 AM Horizon Acquisition Corporation Class A

A blank check company Horizon Acquisition (HZON), led by Todd Boehly, the co-founder, chairman, and CEO of Eldridge, targeting the media and entertainment industries, commenced trading today.The company priced $500M IPO of 50M units at $10/unit; each unit consists of one Class A ordinary share and one-third of one redeemable warrant.Each whole warrant entitles the holder thereof to purchase one Class A ordinary share at a price of $11.50/share.Underwriters granted a 45-day option to purchase up to an additional 7.5M units.Offering expected to close on Oct.22, 2020.The company is sponsored by Horizon II Sponsor, an affiliate of Eldridge Industries, and MRC (or Valence Media Partners).Asif Satchu and Modi Wiczyk, co-CEOs of MRC, will serve on the company board alongside Todd Boehly and Jason Robins, the CEO of Draftkings.This is the second blank check company formed by Todd Boehly of Eldridge Industries after previous SPAC, Horizon Acquisition ([[HZAC]] +1.0%) that went aboard this August.

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Horizon Acquisition commences trading at $10

Company Name:	Horizon Acquisition Corporation Class A
Stock Symbol:	HZAC
Market:	NYSE

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