Empowerment & Inclusion Capital I

General Information

We are a special purpose acquisition company driven by a unique and critical mission: to use our significant experience and resources to acquire a diverse-led business or a business focused on promoting an inclusive economy and society and provide strategic advice in support of its ongoing growth and success to create enduring shareholder value. To share in that value creation, PNC and Jefferies intend to each donate all of their respective founders’ shares and warrants to initiatives supporting the economic empowerment and inclusion of underrepresented groups. It is our and our sponsors’ core belief that by both empowering diverse or inclusive businesses and by our sponsors using their profits and at risk capital to reinvest in our communities, we and our sponsors can deliver significant shareholder value while also promoting racial equity and a shift to a more inclusive economy and society.

Our sponsors are PNC Investment Capital Corp., an affiliate of The PNC Financial Services Group, Inc., and Jefferies Financial Group Inc.

While we take an expansive view of diversity to include all underrepresented groups including women, focus will be given to Black-owned and managed companies. Similarly, while we seek to broadly expand opportunities for underrepresented groups, we recognize our impact may be most pronounced by focusing on companies that help to bring underserved communities into the financial mainstream.

Employees: 0
Founded: 2020
Contact Information
Address 340 Madison Avenue, New York, NY 10173, US
Phone Number (212) 468-8655
Web Address
View Prospectus: Empowerment & Inclusion Capital I
Financial Information
Market Cap $250mil
Revenues $0 mil (last 12 months)
Net Income $0 mil (last 12 months)
IPO Profile
Symbol EPWR.U
Exchange NYSE
Shares (millions): 24.0
Price range $10.00 - $10.00
Est. $ Volume $240.0 mil
Manager / Joint Managers Jefferies/ Siebert Williams Shank
CO-Managers Academy Securities/ Blaylock Van/ C.L. King & Associates/ Loop Capital Markets/ Ramirez & Co.
Expected To Trade: 1/8/2021
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change