Playlogic Entertainment, Inc. (LGC) Prices 30M Share IPO at $10/Sh
Legacy Acquisition Corp. (NYSE: LGC) announced today that it priced its initial public offering of 30,000,000 units at $10.00 per unit. The units will be listed on the New York Stock Exchange ("NYSE") and trade under the ticker symbol "LGC.U" beginning November 17, 2017. Each unit consists of one share of the Company's Class A common stock and one warrant, each warrant enabling the holder thereof to purchase one-half of one share of the Class A common stock at a price of $11.50 per share. Warrants may be exercised only for a whole number of shares of Class A common stock. Once the securities comprising the units begin separate trading, the Class A common stock and warrants are expected to be listed on the NYSE under the symbols "LGC" and "LGC WS."
The Company is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The Company intends to focus on businesses that operate in the consumer packaged goods and other consumables, consumer durables and retail and restaurants sectors.
Wells Fargo Securities, LLC, Cantor Fitzgerald & Co. and Stifel, Nicolaus & Company, Incorporated are acting as the joint book-running managers and Loop Capital Markets is acting as the co-manager for the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 4,500,000 units at the initial public offering price to cover over-allotments, if any.
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