Cannabis-focused Mercer Park SPAC seeks $250 mln from IPO

Mercer Park Brand Acquisition Corp, a special purpose acquisition corporation (SPAC), has filed a preliminary prospectus with Canadian regulatory authorities outside of Québec for an initial public offering (IPO). The IPO is for Class A restricted voting units of US$10 per unit, for total proceeds of US$250 million. The SPAC plans to list on the Neo Exchange. For a qualifying transaction, Mercer Park Brand will target one or more acquisition opportunities with a focus on branded product businesses in cannabis and cannabis-adjacent industries. Mercer Park Brand is sponsored by Mercer Park, a U.S. family office.

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