Topps looks to go public in $1.3B deal with SPAC

Topps looks to go public in $1.3B deal with SPAC
by Michelle Chapman, The Associated Press
Posted Apr 6, 2021 9:36 am EDT
Last Updated Apr 6, 2021 at 9:44 am EDT
Sports trading card company Topps is combining with a special purposes acquisition company in a deal valued at $1.3 billion and seeking a public listing.
Topps Co. said Tuesday that it will join with Mudrick Capital Acquisition Corp., which will make a $250 million investment. Other investors include GAMCO Investors and Wells Capital Management.
Former Disney CEO Michael Eisner will continue as Topps chairman. His firm, The Tornante Co., which bought Topps in 2007, will roll all of its equity into the new public company, which will keep the name Topps.

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