Empower Ltd. operates as a blank check company. Its business purpose is effecting a merger, share exchange, asset acquisition, share purchase, and reorganization. The company was founded on August 19, 2020 and is headquartered in New York, NY.
On 3/12/2021 the company announced a pending merger with Holley, the largest and fastest growing platform in the enthusiast branded performance automotive aftermarket category. Assuming no redemptions, the SPAC shareholders will own 25% of the company. The $290 million PIPE at $10 per share will own 26% of the company. Valuation is 2x estimated 2020 revenue of $583 million.
$9.96 0.00 (0.00%)
As of 04/09/2021 16:00:02 EST IEX book CBOE book
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