Barington/Hilco Acquisition Corp.
Hilco Global has formed a Special Purpose Acquisition Company (“SPAC”) in partnership with Barrington Capital. A SPAC is a unique investment vehicle that provides a private company an attractive opportunity to go public with advantages relative to an IPO (speed, inexpensive, certainty, participation in upside, etc.). The SPAC entity that we have created is called Barington/Hilco Acquisition Corp. (Nasdaq: “BHACU”) and it is a company formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination. We will be working with well-known activist investor and Barington Capital CEO, James Mitarotonda, who will be serving as the Chairman and CEO of BHAC.
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