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.

tailwind acquisition 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.

casper Sleep CEO Philip Krim is the chairman of Los Angeles-based Tailwind Acquisition, which intends to focus on finding targets in consumer internet, digital media 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