Boulevard Acquisition Corp. (BLVD) is a special purpose acquisition company (SPAC) that was formed for the purpose of acquiring or merging with one or more businesses in the consumer products and services industry. The company completed its initial public offering (IPO) in September 2021, raising $400 million in gross proceeds.
The management team of Boulevard Acquisition Corp. is led by CEO Alex Taub, who previously co-founded SocialRank, a social media analytics company. The team also includes Chairman and Chief Investment Officer James Chadwick, who has more than 25 years of experience in the consumer products and retail industries, and Chief Financial Officer Jeff Berkowitz, who has held senior finance positions at several companies, including Sears Holdings Corporation.
As a SPAC, Boulevard Acquisition Corp. does not have any operations or revenue-generating activities of its own. Its sole purpose is to acquire or merge with a private company and take it public through the reverse merger process. The company has two years from the date of its IPO to identify a suitable acquisition target and complete a merger transaction.
Boulevard Acquisition Corp. is traded on the Nasdaq Capital Market under the ticker symbol "BLVD." As of February 24, 2023, the stock was trading at $9.98 per share, with a market capitalization of approximately $354 million. However, it is important to note that SPAC stocks can be highly volatile, and their prices can fluctuate widely based on news and speculation related to potential merger targets.
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