Natural Order Acquisition, a blank check company focusing on technologies and products related to sustainable plant-based food and beverages, filed on Tuesday with the SEC to raise up to $250 million in an initial public offering.
The Weston, MA-based company plans to raise $250 million by offering 25 million units at $10. Each unit consists of one share of common stock and a whole warrant to purchase one-half of a common share, exercisable at $11.50. At the proposed deal size, Natural Order Acquisition would command a market value of $313 million.
The company is led by Chairman Sebastiano Castiglioni, a Partner at Blue Horizon Group, founder and Director of private investment fund Dismatrix, and an active investor in the global plant-based food and beverage sector. He is joined by CEO and Director Paresh Patel, who has managed his own private investment office, Sandstone Investments, since 2014, and