(New York, NY) — Trading card company Topps plans to go public through a SPAC merger. The company known for its baseball cards and Bazooka candy announced it would merge with Mudrick Capital Acquisition Corporation in a deal that values the company at one-point-three billion dollars. Former Disney CEO Michael Eisner will stay on as the chairman. Mudrick is a special purpose acquisition company, or shell corporation, that seeks out a successful private company to merge with to help them go public. The deal will likely close late in the second quarter or early in the third quarter. Topps sales were up 23-percent last year to 567-million dollars. That’s a record high.
Topps To Go Public Through SPAC Merger
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