Hypebeast to List Shares in U.S. Through SPAC Merger

Hypebeast Ltd. is bringing its stock to the U.S. through a merger with a special-purpose acquisition company that will value the lifestyle and culture company at more than $530 million after the investment, according to people familiar with the matter.

Part lifestyle website, part e-commerce company, Hypebeast will merge with Iron Spark I Inc., and the deal will include a $13.3 million private investment in public equity from celebrities that include football player Tom Brady, tennis star Naomi Osaka, professional skateboarder Tony Hawk and actor Jonah Hill, among others.

Source: WSJ