EPIC Acquisition Corp, a special purpose acquisition company, announced key terms of its proposed offering of up to 15,000,000 Units, each comprising one Class A Ordinary Share and one half of a Warrant, at a price of €10.00 per Unit for an aggregate of up to €150 million, and its expected admission to listing and trading of the Class A Ordinary Shares and Warrants on Euronext Amsterdam. The company is incorporated under the laws of the Cayman Islands and will seek to effect a business combination with a company operating in the consumer sector in Europe which has the potential for significant growth in Asian markets. The SPAC is sponsored by EPIC, a UK-headquartered investment, advisory and administration firm, and TTB, a Hong Kong-based investment and advisory business which has a track record of helping global brands access and develop in Asian markets. The leadership team of the SPAC will among others consist of Peter Norris, the chairman of the Virgin Group, Giles Brand, the founder and managing partner of EPIC and Teresa Teague, co-founder of TTB. The SPAC will have three independent non-executive directors, including Dutch non-executive directors Stephan Borchert (CEO GrandVision) and Jan Zijderveld (former President and CEO of Unilever Europe).
De Brauw advised and assisted the SPAC and its sponsors as Dutch issuer counsel on all capital market aspects, including complex terms and structuring of the SPAC and the AFM prospectus approval process.