Casper Sleep’s CEO Krim Files for $300 Million Blank-Check IPO

Casper Sleep Inc.'s chief executive officer has filed to raise $300 million for a blank-check company after seeing shares of the mattress company he founded tumble 30% since its February debut.

Corp., a special purpose acquisition company, or SPAC, filed with the U.S. Securities and Exchange Commission on Tuesday to sell 30 million units at $10 each. Jefferies Financial Group Inc. is the sole underwriter for the initial public offering, the filing shows.

Sleep CEO Philip Krim is the chairman of Los Angeles-based Tailwind Acquisition, which intends to focus on finding targets in consumer internet, and marketing technology sectors, according to the filings. Venture capitalist Chris Hollod is the CEO of the blank-check firm.

Source: Bloomberg – Casper Sleep's CEO Krim Files for 0 Million Blank-Check IPO

Leave a Reply

Your email address will not be published. Required fields are marked *