SPAC

Having already made the jump from operational consulting to investing, the principals behind Siddhi Capital this week filed with the United States Securities and Exchange Commission (SEC) to launch a proposed special purpose acquisition company (SPAC).

AF Ventures has joined the SPAC club. Together with investment groups Scharf Brothers and Mistral Equity Partners, the CPG venture fund once known as Accel Foods has combined forces with two other firms to launch a publicly traded “blank check” company to target more consumer brands.

Biltong brand Stryve Foods announced plans to go public on the NASDAQ through a business combination with Andina Acquisition Corp III, a publicly-traded special purpose acquisition company (SPAC). The new company is valued at $170 million, and will be listed on the NASDAQ under the ticker symbol SNAX. Stryve’s goal, the company said, is to become a snacking platform that can exist across categories.

Last week members of investment firm N*GEN Partners filed with the SEC to raise up to $125 million for an IPO for Better World Acquisition Corp (BWAC), a newly launched special purpose acquisition company (SPAC). BWAC will look to acquire a company that “benefit[s] from strong Environmental, Social and Governance (ESG) profiles” within the “healthy living” sector.