TZP Strategies Acquisition Corp., a blank check company sponsored by TZP Group Holdings, L.P. and formed for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, today announced the pricing of its initial public offering of 25,000,000 units at a price of $10.00 per unit.

While the Company may pursue an initial business combination target in any business or industry, the Company intends to target companies in the technology and business services as well as consumer products and services industries. The Company's sponsor is an affiliate of TZP, an operator driven investment firm that manages approximately $1.9 billion of committed and co-investor capital targeting lower middle market companies in identified focus sectors with strong growth prospects.

The units will be listed on The Nasdaq Capital Market ("Nasdaq") and trade under the ticker symbol "TZPSU" beginning January 20, 2021. Each unit consists of one Class A ordinary share of the Company and one-third of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share of the Company at a price of $11.50 per 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 "TZPS" and "TZPSW," respectively. The offering is expected to close on January 22, 2021, subject to customary closing conditions.

Credit Suisse Securities (USA) LLC acted as book-running manager for the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 3,750,000 units at the initial public offering price to cover over-allotments, if any.