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Purple Innovation Founders, Banker Daniel Webb Plan SPAC

  • Worldwide Webb will seek $300 million, eye internet targets
  • Purple Innovation went public through a SPAC merger in 2018
Updated on

The founders of mattress maker Purple Innovation Inc. and a former Bank of America Corp. technology investment banker are planning to raise a special purpose acquisition company, according to people with knowledge of the matter.

The vehicle, dubbed Worldwide Webb Acquisition Corp., is set to be led by co-chairmen Terry Pearce and Tony Pearce and CEO Daniel Webb, said the people, who asked to not be identified because the matter is private.