One Veteran Owned Company Is Going Public!
There is no question that veterans have done a lot for this country, and now one veteran-owned company is getting ready to go public.
The Texas-based Black Rifle Coffee Company is now going public, and they announced last Tuesday that they are engaged in a deal with a special acquisition company called SPAC SilverBox Engaged Merger Corp.I.
The companies noted that the deal was valued at $1.7 billion and the Wall Street Journal reported that former Green Beret Evan Hafer Black Rifle Coffee had launched the company in 2014 as a veteran-centered business that was devoted to the issues that the veteran community usually encounter.
Hafer announced this deal on Fox Business on Tuesday morning when he being interviewed with host Maria Bartiromo. Hafer said that the merger was expected to be completed by the first quarter of 2022.
“Timing was really important in being able to take the company public, or at least position the company to go public. Silver Box was the right partner,” Hafer said. “What we wanted to do was curate a relationship with somebody that had the same mission and intent and the commitment to the veteran community, so they’ve been able to come to the table and commit shares as part of the deal to the Black Rifle Coffee fund, which is our nonprofit section of the business.”
“I think being able to partner with somebody right now with the timing of this, as far as being able to capture market inertia and seize the opportunity to grow the company and maintain our commitment to hiring 10,000 veterans because we set up with that goal four years ago, I said it on your show. I’ve never strayed from that mission or that focus and this is just part of completing our promise to the American public and that’s our commitment,” he added.