NEW YORK--(BUSINESS WIRE)--Powered Brands (Nasdaq: POWRU) announced today that it priced its initial public offering of 24,000,000 units at $10.00 per unit. The units are expected to be listed on the Nasdaq Capital Market and trade under the ticker symbol “POWRU” beginning January 8, 2021. Each unit consists of one Class A ordinary share and one-third of one warrant to purchase one ordinary share at $11.50 per whole share. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on the Nasdaq under the symbols “POW” and “POWRW” respectively.

The offering is expected to close on January 12, 2021, subject to customary closing conditions.

Credit Suisse Securities (USA) LLC is acting as the sole book-running manager for the offering.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.