Brief: Black Rifle Coffee To Go Public Via Merger With Silverbox Engaged Merger Corp I

BRC

02/11/2021 10:36

Nov 2 (Reuters) - SilverBox Engaged Merger Corp I  SBEA.O :
    * BLACK RIFLE COFFEE COMPANY, A RAPIDLY GROWING PREMIUM
COFFEE
COMPANY AND LIFESTYLE BRAND WITH A MISSION TO BETTER THE LIVES
OF VETERANS, ACTIVE-DUTY MILITARY AND FIRST RESPONDERS, TO GO
PUBLIC VIA COMBINATION WITH SILVERBOX ENGAGED MERGER CORP I
    * SILVERBOX ENGAGED - ONCE PROPOSED TRANSACTION IS CLOSED,
COMBINED COMPANY WILL BE NAMED BRC INC
    * SILVERBOX ENGAGED MERGER CORP I - PROPOSED BUSINESS
COMBINATION
WILL PLACE UP TO $225 MILLION IN CASH ON BRCC'S BALANCE SHEET
    * SILVERBOX ENGAGED MERGER CORP I - AT $10 PER SHARE,
TRANSACTION
VALUES BLACK RIFLE COFFEE AT A PRO FORMA ENTERPRISE VALUE OF
APPROXIMATELY $1.7 BILLION
    * SILVERBOX ENGAGED MERGER CORP I - FULLY FINANCED
TRANSACTION,
WITH $300 MILLION IN COMMON EQUITY COMMITMENTS AT $10.00 PER
SHARE
    * SILVERBOX ENGAGED MERGER CORP I - BRCC WILL ALSO
REORGANIZE AS A
PUBLIC BENEFIT CORPORATION

Source text for Eikon:  ID:nBwbYrmM3a 
Further company coverage:  SBEA.O 

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