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Topps will offer stock to the public through SPAC

Trade announcement: Topps will offer stock to the public

Trade announcement: Topps will offer stock to the public MICHELLE CHAPMAN, AP Business Writer April 6, 2021 FacebookTwitterEmail FILE - In this March 6, 2007 file photo, Topps baseball cards are seen in Boston. 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, April 6, 2021, that it will join with Mudrick Capital Acquisition Corp., which will make a $250 million investment.Chitose Suzuki/AP In addition to its trading cards, fans will soon be able to trade company shares of Topps. The company said Tuesday that it will become a publicly traded company this year by tying up with a blank-check company, or SPAC, a special purposes acquisition company.

Topps Deal Is Keeping Me in the SPAC Game

Topps Deal Is Keeping Me in the SPAC Game Mudrick Capital Acquisition Corp II is bringing the iconic baseball card name public. Stocks quotes in this article: MUDS, CWRK, DIS Just when I was ready to swear off special purpose acquisition companies, they pull me back in with an intriguing deal: Mudrick Capital Acquisition Corp II ( MUDS)  is bringing Topps public.   I grew up collecting baseball cards. In fact, my first job was at a collectibles store. I raked in a whopping $1 per hour in cash and $2 in store credit. In truth, it was $3 store credit per hour, because I never walked with any cash. So, maybe the Topps names is nostalgia for me, but it intrigues me on the NFT side.

Here's Why SPAC Stock Mudrick Capital Acquisition Soared Today

Shares of Mudrick Capital Acquisition Corp. II (NASDAQ:MUDS) surged 16% on Tuesday after the special purpose acquisition company (SPAC) announced its plans to bring The Topps Company public.      The merger values Topps at an enterprise value of $1.3 billion, or roughly 12.5 times its projected adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) in 2021. The sports card and candy company enjoyed a 23% jump in sales in 2020 to a record $567 million. Topps is working to broaden its e-commerce and mobile applications as part of its digital initiatives. It s also making a push into the rapidly expanding non-fungible tokens (NFTs) market. We believe Topps culture of innovation, strong management team, expanding margins, robust cash flow, and conservative balance sheet set it apart from other consumer growth companies, Mudrick Capital Founder and Chief Investment Officer Jason Mudrick said in a press release. It also is well situated with a unive

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