Post Holdings: Launching Corporate-Sponsored SPAC

St. Louis / MO. (pfh) Post Holdings Inc. , a consumer packaged goods holding company, announced that one of its subsidiaries, Post Holdings Partnering Corporation (PHPC), a newly formed special purpose acquisition company, filed a registration statement on Form S-1 with the Securities and Exchange Commission (SEC) in connection with a proposed initial public offering. The proposed offering is subject to, among other things, completion of the SEC review and comment process.

PHPC intends to raise USD 400.0 million in the proposed offering through the sale of units consisting of common stock and warrants to purchase common stock. PHPC also expects to grant the underwriters an option to purchase up to an additional 15 percent of the units in the proposed offering.

PHPC intends to partner with a company in the consumer products industry that complements the experience and expertise of Post’s management team and is a business to which Post’s management believes it can add value.

PHPC will be managed by Post’s current management team and is expected to draw upon Post’s management team’s expertise. Robert V. Vitale, Post’s President and CEO, will serve as Chief Investment Officer of PHPC. Bradly A. Harper, Post’s Chief Accounting Officer, will serve as Chief Financial Officer of PHPC. Jeff Zadoks, Post’s Chief Financial Officer, will serve as Chairman of the Board of Directors of PHPC.

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