Black Rifle Coffee is going public by merging with a blank-check company at a reasonable $1.7 bln valuation. It’s fast growing with an ESG flavor, but unhelpful brand associations might put a regular IPO off limits: alpgomez
Black Rifle Coffee announced on Nov. 2 that it agreed to go public via a merger with special-purpose acquisition company SilverBox Engaged Merger Corp I. The deal values the coffee roaster at $1.7 billion and includes an investment of up to $300 million from Engaged Capital and other investors.
The companies said in a presentation that Black Rifle Coffee is expected to have revenue of $230 million and a net loss of $12.1 million in 2021.Flags fly in front of a Veterans of Foreign Wars building in Columbus, Georgia, U.S. September 8, 2020.
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