WEST Stock Alert: What to Know as Westrock Coffee Starts Trading Today
Source: Evgeny Karandaev|ShutterStock.com Westrock Coffee (NASDAQ: WEST ) is in the spotlight as the company gets ready to commence trading on the Nasdaq today. Trading of WEST stock follows Westrock’s successful special purpose acquisition company (SPAC) combination with Riverview Acquisition. That transaction raised $300 million of equity capital and provides access to $350 million of debt capital. Westrock will be led by CEO and co-founder Scott Ford. Meanwhile, Riverview CEO R. Brad Martin will join the company’s board of directors. Ford said the following about the new listing: “Accessing the public markets is not only validation of the efforts of our incredible team but will also enable us to expedite our growth in the U.S. and internationally, while capitalizing on the generational shifts in consumer preferences. I am confident in Westrock Coffee’s future and proud of the team that has led us to this important moment.” According to the company, Westrock provides 20 million cups of coffee across the globe every day.
WEST Stock Alert: What to Know as Westrock Coffee Starts Trading Today
Source: Evgeny Karandaev|ShutterStock.com Westrock Coffee (NASDAQ: WEST ) is in the spotlight as the company gets ready to commence trading on the Nasdaq today. Trading of WEST stock follows Westrock’s successful special purpose acquisition company (SPAC) combination with Riverview Acquisition. That transaction raised $300 million of equity capital and provides access to $350 million of debt capital. Westrock will be led by CEO and co-founder Scott Ford. Meanwhile, Riverview CEO R. Brad Martin will join the company’s board of directors. Ford said the following about the new listing: “Accessing the public markets is not only validation of the efforts of our incredible team but will also enable us to expedite our growth in the U.S. and internationally, while capitalizing on the generational shifts in consumer preferences. I am confident in Westrock Coffee’s future and proud of the team that has led us to this important moment.” According to the company, Westrock provides 20 million cups of coffee across the globe every day.