Topps Going Public Through SPAC Deal With Mudrick Capital Acquisition
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Topps will merge with a SPAC to finally go public. (Photo by Stephen Hopson/Icon Sportswire via . [+] Getty Images)
Icon Sportswire via Getty Images
Topps’ SPAC merger will include chairman Michael Eisner staying on his role with the new company. Eisner bought Topps in 2007 for $385 million through his investment firm Tornante and Madison Dearborn. Eisner said the deal gave Topps increased flexibility and a high-quality sponsor.
“We took this route because it’s limited distraction of management, the flexibility and we can value our company going through the SPAC,” Eisner said on CNBC. “Between the speed, the hire, the quality of the sponsors, the timing, it seemed like the right thing for us to do at this time.”