Previous Close | 10.26 |
Open | 10.24 |
Bid | 10.01 x 900 |
Ask | 10.48 x 900 |
Day's Range | 10.12 - 10.29 |
52 Week Range | 10.00 - 11.99 |
Volume | 1,328 |
Avg. Volume | 102,946 |
Market Cap | N/A |
Beta (5Y Monthly) | N/A |
PE Ratio (TTM) | N/A |
EPS (TTM) | N/A |
Earnings Date | N/A |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | N/A |
(Bloomberg) -- Enjoy Technology Inc., a startup that has operated mobile retail stores for companies including Apple Inc., AT&T Inc., BT Group Plc and Rogers Communications Inc., is in talks to go public through a merger with Marquee Raine Acquisition Corp., according to people with knowledge of the matter.The special purpose acquisition company is in discussions to raise equity to support a transaction that is set to value the combined entity at about $1.6 billion, one of the people said. As with all deals that aren’t yet finalized, terms could change and it’s possible talks could fall apart.Representatives for Marquee Raine and Enjoy didn’t immediately respond to requests for comment.Enjoy is led by Ron Johnson, a former Apple executive best known for creating its retail arm. It counts L Catterton’s LCH Partners, Riverwood Capital, Stamos Capital, Kleiner Perkins, Highland Capital and Oak Capital Management among its investors. Fareed Khan was named chief financial officer in February.Marquee Raine, backed by Raine Group, raised about $374 million in a December initial public offering. The SPAC is led by co-chairmen Tom Ricketts, owner of the Chicago Cubs; and Raine co-founder, partner and president Brandon Gardner; as well as co-CEOs Crane Kenney and Brett Varsov.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Marquee Raine Acquisition Corp. (the "Company") (Nasdaq: MRAC U) today announced the closing of its initial public offering of 37,375,000 units, which includes 4,875,000 units issued upon the exercise of the underwriters' overallotment option, which was exercised in full, at a public offering price of $10.00 per unit. Each unit consists of one Class A ordinary share of the Company and one-fourth of one redeemable warrant. Each whole warrant entitles the holder to purchase one Class A ordinary share of the Company at a price of $11.50 per share. The units are listed on the Nasdaq Capital Market under the symbol "MRAC U". Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on the Nasdaq Capital Market under the symbols "MRAC" and "MRAC WS," respectively.