12 SPACs That Could Bring Impossible Foods Public

Impossible Foods is exploring options to go public either via traditional IPO or SPAC, according to Reuters. The company is one of the largest in the plant-based food market and a main competitor for Beyond Meat Inc (BYND). Here are some of the SPACs that could bring Impossible Foods public, should Impossible Foods opt for a different route to going public than the traditional IPO.

12 SPACs That Could Bring Impossible Foods Public

Photo Source: Impossible Foods

Natural Order Acquisition (NOAC)

Launched in August 2020, Natural Order Acquisition Corp is targeting a company in the sustainable plant-based food and nutrition markets. The SPAC is led by Paresh Patel and Sebastiano Cossia Castigioni. As the founder of several food companies, Castiglioni is well-known in the food community. This SPAC raised over $200 million, which puts it at the smaller side for getting a piece of Impossible Foods.

Jack Creek Investment Corp (JCIC)

A SPAC that raised over $300 million targeting a company in the food and grocery supply chain business could target Impossible Foods. Jack Creek Investment Corp includes Samir Kaul as one of the directors. Kaul is a member of Khosla Ventures, an investor in Impossible Foods.

Star Peak Corp II (STPC)

The second SPAC from Star Peak is targeting sustainability, which includes sustainable food or agriculture companies. Star Peak Corp II raised over $400 million in its offering.

Better World Acquisition (BWAC)

With its low offering size, Better World Acquisition Corp could be a long shot to land Impossible Foods. The company is targeting a company in the healthy living segment with strong ESG profiles. Impossible Foods could fit into those categories.

Jaws SPACs (SPFR); (JWS)

Barry Sternlicht is a well-known name in the SPAC space with several deals announced. Sternlicht teamed up with Serena Williams on Jaws Spitfire Acquisition Corporation, which is bringing Velo3D public.

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Disclosure: Author is long shares of Jaws Spitfire Acquisition Corporation.

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