KKR - New SPAC from KKR and Lululemon chair Glenn Murphy to start trading after $1.2B IPO

KKR Acquisition Holdings I Corp. (KAHCU), a SPAC founded by investment giant KKR & Co. (KKR) and Lululemon Athletica Chairman Glenn Murphy, plans to begin trading Wednesday after raising $1.2B in an upsized initial public offering.The special purpose acquisition company sold 120M investment units at $10 apiece, with each consisting of one Class A share and 0.25 warrants entitling the holder to a second share at $11.50 in the future.The SPAC’s sponsor also granted underwriters options to buy another 15M units for overallotments, potentially raising another $150M.Additionally, the sponsor plans to invest $25M for 16.67M warrants at $1.50 apiece, with each entitling the sponsor to buy one Class A share at $11.50 in the future. That investment will rise to $28M for 18.67M warrants if underwriters exercise all overallotment options.KKR wrote in an S-1 filing with the U.S. Securities and Exchange Commission that while the new SPAC can invest in

For further details see:

New SPAC from KKR and Lululemon chair Glenn Murphy to start trading after $1.2B IPO