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KKR Acquisition Holdings I Corp. Announces Pricing of Upsized $1.2 Billion Initial Public Offering

March 17, 2021

NEW YORK–(BUSINESS WIRE)–KKR Acquisition Holdings I Corp. (the “Company”) today announced the pricing of its upsized initial public offering of 120,000,000 units at a price of $10.00 per unit. The units are expected to be listed for trading on The New York Stock Exchange (the “NYSE”) under the ticker symbol “KAHC.U” beginning March 17, 2021. Each unit consists of one share of the Company’s Class A common stock and one-fourth of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one share of Class A common stock at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the Company expects that its Class A common stock and warrants will be listed on NYSE under the symbols “KAHC” and “KAHC WS,” respectively.

The Company was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Although the Company’s efforts to identify a prospective business combination opportunity will not be limited to a particular industry or geographic region, the Company’s acquisition and value creation strategy is to identify, acquire and build a company in the consumer or retail industries. The Company seeks to capitalize on the relationships, knowledge and experiences of its Chief Executive Officer and Executive Chairman, Glenn Murphy, and the KKR platform.

Citigroup Global Markets Inc. is acting as sole book-running manager. Academy Securities, Inc., AmeriVet Securities, Blaylock Van, LLC, Cabrera Capital Markets LLC, CastleOak Securities, L.P., C.L. King & Associates, Inc., Guzman & Company, Loop Capital Markets LLC, Samuel A. Ramirez & Company, Inc., Roberts & Ryan Investments, Inc., Siebert Williams Shank & Co., LLC and Telsey Advisory Group LLC are acting as co-managers. The Company has granted the underwriters a 45-day option to purchase up to 18,000,000 additional units at the initial public offering price to cover over-allotments, if any.

https://media.kkr.com/news-details/?news_id=4da86f3a-ee90-4f5f-a844-96461d4d8ee2&type=1