Powered Brands Price, Forecast, Insider, Ratings, Fundamentals & Signals

New york--(business wire)--powered brands (the “company”) (nasdaq: powru, pow, powrw), a special purpose acquisition company, today announced that it will redeem all of its outstanding class a ordinary shares, par value $0.0001 per share (the “public shares”), effective as of the close of business on january 12, 2023, because the company will not consummate an initial business combination within the time period required by its amended and restated memorandum and articles of association (the “articles”). as such, in accordance with the company’s articles, the company will: cease all operations as of january 12, 2023, except for the purpose of winding up; as promptly as reasonably possible, redeem the public shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the company’s trust account (the “trust account”), including interest earned on the funds held in the trust account and not previously released to the company to pay the company’s income taxes, if any (less $100,000 of interest to pay dissolution expenses), divided by the number of the public shares then in issue, which redemption will completely extinguish public members’ (as defined in the articles) rights as members of the company (including the right to receive further liquidation distributions, if any); and as promptly as reasonably possible following such redemption, subject to the approval of the company’s remaining members and the company’s board of directors, liquidate and dissolve, subject in each case, to the company’s obligations under cayman islands law to provide for claims of creditors and the requirements of other applicable law...

New york--(business wire)--powered brands (nasdaq: pow, powru, powrw) (the “company”) announces today that mito yamada has joined powered brands as chief operating officer and member of its board of directors, effective august 30, 2021. ms. yamada will work closely with the powered brands management team to define the company’s long-term strategy and lead the execution of its initial business combinations. ms.yamada will report to powered brands chief executive officer katherine power. ms.yamada brings over 15 years of experience in the luxury and consumer products space. she previously served as vice president, global mergers and acquisitions at shiseido, where from 2016 she worked on various mergers and acquisitions for the brand, including the acquisition of clean skincare brand drunk elephant in 2019...

New york--(business wire)--powered brands (nasdaq: pow, the “company”) announced today that it has regained compliance with nasdaq stock market llc (“nasdaq”) listing rule 5250(c)(1) (the “rule”) after filing its quarterly report on form 10-q for the quarter ended march 31, 2021 (the “form 10-q”) with the securities and exchange commission (the “sec”) on june 3, 2021. on may 28, 2021, the company received a notice from nasdaq indicating that the company was not in compliance with the rule as a result of its failure to timely file the form 10-q with the sec as required by the rule. about powered brands powered brands is a newly incorporated blank check company, incorporated as a cayman islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities, which we refer to as our initial business combination...

New york--(business wire)--powered brands (nasdaq: powru) (the “company”) announced today that separate trading of its common stock and warrants underlying the company’s units would commence on or about march 3, 2021. the common stock and warrants will trade under the symbols “pow” and “powrw”, respectively. units not separated will continue to be listed on nasdaq stock market llc under the symbol “powru.” powered brands is a newly incorporated blank check company, incorporated as a cayman islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities, which we refer to as our initial business combination...