Empower Ltd. Announces Closing of $250 Million Initial Public Offering

NEW YORK--(BUSINESS WIRE)--Empower Ltd. (NYSE:EMPW.U) (the “Company”) today announced the closing of its initial public offering of 25,000,000 units at a price of $10.00 per unit. The Company is a blank check company sponsored by an affiliate of MidOcean Partners and formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. It may pursue a business combination in any industry, sector or geographic region, and intends to focus its search initially on U.S. businesses in the consumer products, retail, services, experiences and related sectors, which complement the broad experience of the Company’s management in consumer-facing enterprises at the forefront of evolving preferences, tastes, experiences and values.